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  • #120,281
  • Jun 8, 2021 7:55am Jun 8, 2021 7:55am
Quoting emmanuel7788
{quote} I simply look at the Weekly ATR-52 weeks and the Weekly candle length. You can look for your self. If you do not understand what jmn5611 meant, then you better stop trading immediately. {image}
ATR is still the same.
What happened in 2008 happened yesterday
What happened in 2010 happened today
dot com bubble burst ATR go crazy
Housing market crash, ATR go crazy
Brexit happen, ATR go crazy
Tekkies blow account emmanuel go crazy

What has changed? Bar's are still going up and bar's are still going down.
Those that say the market has changed are those that seek to blame "others" for whatever the reason they may have.
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  • #120,282
  • Jun 8, 2021 8:04am Jun 8, 2021 8:04am
Quoting jmn5611
{quote} I did indeed post that. I was a different man back then. I don't 7788 will derail a group effort. He is a changed man also. He has not once not referenced BigE in any post. He is committed to the effort. Let's work together, all of us. {quote} Dave, this is meant to provoke discussion. My win rate is less than 30%. Does this make me a bad trader? Asking for a friend.
30% win rate does not make a bad trader, but it COULD be the result of a bad trader. But if this trader is long-term profitable, it likely indicates a system that could be improved. A trader that knows how to apply good money management can be profitable with a low win rate.

But you are missing some context in my post. BigE started this thread to discuss ONLY the 5-method. So if a trader is posting in this thread about his trading "success", then when he is unable to get past the BEGINNER'S 65% success rate after 9+ years of trying to understand the 5-method, then we can readily conclude that this trader is a poor trader of the 5-method, for whatever reason(s).

It COULD be that this trader is a poor trader using ANY method. And, as I am certain you know, there are a number of possible reasons why this can happen.
To free Gazans of Hamas, use whatever it takes.
  • #120,283
  • Jun 8, 2021 8:04am Jun 8, 2021 8:04am
Quoting jmn5611
{quote} I did indeed post that. I was a different man back then. I don't 7788 will derail a group effort. He is a changed man also. He has not once not referenced BigE in any post. He is committed to the effort. Let's work together, all of us. {quote} Dave, this is meant to provoke discussion. My win rate is less than 30%. Does this make me a bad trader? Asking for a friend.
Why are you waiting, start to lead the way. Jmn
  • #120,284
  • Jun 8, 2021 8:07am Jun 8, 2021 8:07am
Quoting Tekkies
{quote} ATR is still the same. What happened in 2008 happened yesterday What happened in 2010 happened today dot com bubble burst ATR go crazy Housing market crash, ATR go crazy Brexit happen, ATR go crazy Tekkies blow account emmanuel go crazy What has changed? Bar's are still going up and bar's are still going down. Those that say the market has changed are those that seek to blame "others" for whatever the reason they may have. {image}
ATR is still the same.

@Tekkies

stop trading!

and you won't lose any more money.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #120,285
  • Jun 8, 2021 8:13am Jun 8, 2021 8:13am
Quoting DrDave
{quote} 30% win rate does not make a bad trader, but it COULD be the result of a bad trader. But if this trader is long-term profitable, it likely indicates a system that could be improved. A trader that knows how to apply good money management can be profitable with a low win rate. But you are missing some context in my post. BigE started this thread to discuss ONLY the 5-method. So if a trader is posting in this thread about his trading "success", then when he is unable to get past the BEGINNER'S 65% success rate after 9+ years of trying to understand...
So, a trader with a 30% win rate is likely to cut losses very quickly. It is the exact opposite to a trader with a 90% win rate. A trader with a 90% win rate is probably a Martingale trader. His doom is a mathematical certainty.

The point I am making is that win rate may not be as important as we are lead to believe.

Quoting Tekkies
{quote} ATR is still the same. What happened in 2008 happened yesterday What happened in 2010 happened today dot com bubble burst ATR go crazy Housing market crash, ATR go crazy Brexit happen, ATR go crazy Tekkies blow account emmanuel go crazy What has changed? Bar's are still going up and bar's are still going down. Those that say the market has changed are those that seek to blame "others" for whatever the reason they may have. {image}
Are you suggesting that the ATR in 2011 is the same as the ATR today month by month over the same amount of periods? Just curious.

Quoting Tekkies
{quote} Why are you waiting, start to lead the way. Jmn
So you lack testicular fortitude. Okay, I will go first. Where is the trade Tekkies, and why is the trade?
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If you are good at something, never do it for free--Joker
  • #120,286
  • Jun 8, 2021 8:46am Jun 8, 2021 8:46am
Quoting jmn5611
{quote} So, a trader with a 30% win rate is likely to cut losses very quickly. It is the exact opposite to a trader with a 90% win rate. A trader with a 90% win rate is probably a Martingale trader. His doom is a mathematical certainty. The point I am making is that win rate may not be as important as we are lead to believe. {quote} Are you suggesting that the ATR in 2011 is the same as the ATR today month by month over the same amount of periods? Just curious. {quote} So you lack testicular fortitude. Okay, I will go first. Where is the trade Tekkies,...
win rate may not be as important as we are lead to believe.

In general, this is probably true. But this thread is about BigE's 5-method. And he made it clear that a beginner with the method, if he follows what was posted, can achieve 65% success and then within 2 months, 80%. So, if a trader that has been trying to trade the 5-method for 9+ years cannot get past the 65% success level, then there is only one conclusion that can be drawn: That trader does a poor job of trading the 5-method, for whatever reason.

And with that much experience, the trader most likely will have poor success with any system.
To free Gazans of Hamas, use whatever it takes.
  • #120,287
  • Jun 8, 2021 8:52am Jun 8, 2021 8:52am
Quoting jmn5611
{quote} So, a trader with a 30% win rate is likely to cut losses very quickly. It is the exact opposite to a trader with a 90% win rate. A trader with a 90% win rate is probably a Martingale trader. His doom is a mathematical certainty. The point I am making is that win rate may not be as important as we are lead to believe. {quote} Are you suggesting that the ATR in 2011 is the same as the ATR today month by month over the same amount of periods? Just curious. {quote} So you lack testicular fortitude. Okay, I will go first. Where is the trade Tekkies,...
No jmn, the whole debate is just this:
The bars are doing the same everyday what they have been doing since they were invented.
Going up, going down.

Now a trader add a indicator to the chart and notice ATR is small or ATR is big. > "Now I understand why I can not make a profit."

The trader is happen because he can blame something els but himself.
  • #120,288
  • Jun 8, 2021 8:57am Jun 8, 2021 8:57am
Quoting jmn5611
{quote} So, a trader with a 30% win rate is likely to cut losses very quickly. It is the exact opposite to a trader with a 90% win rate. A trader with a 90% win rate is probably a Martingale trader. His doom is a mathematical certainty. The point I am making is that win rate may not be as important as we are lead to believe. {quote} Are you suggesting that the ATR in 2011 is the same as the ATR today month by month over the same amount of periods? Just curious. {quote} So you lack testicular fortitude. Okay, I will go first. Where is the trade Tekkies,...
"testicular fortitude" they are just fine, thanks for asking.
---
TDI on chart
Did TDI cross over > No
go look for a cross over or wait.
Do you want me to add the rest of post#647? That will amount to:
> Looking for a reason to place a trade.
  • #120,289
  • Jun 8, 2021 9:14am Jun 8, 2021 9:14am
Quoting jmn5611
{quote} I did indeed post that. I was a different man back then. I don't 7788 will derail a group effort. He is a changed man also. He has not once not referenced BigE in any post. He is committed to the effort. Let's work together, all of us. {quote} Dave, this is meant to provoke discussion. My win rate is less than 30%. Does this make me a bad trader? Asking for a friend.
I don't 7788 will derail a group effort. He is a changed man also. He has not once not referenced BigE in any post.

Are you serious, or just skipped over all of the recent the posts that Vincent has made that have nothing to do with BigE or the 5-method, or he makes some distortion (or blatant lie) about the green cross red?
here here here here here here here here here here

I'll stop here with just 10, considering that these are from A SINGLE DAY, and it does not include all of them!!!

They are all clutter, with many of them talking about EAs, which BigE SPECIFICALLY stated, no EAs!!

So if he so blatantly posts irrelevant (shall we say 'forbidden'?) material here, do you really think that is the sign of a "changed man" that could be trusted to "play by the rules" in a group effort????

But, if you go back to 2013 and read this post of his, then you will see that, indeed, he IS a changed man, because he changed from ADMONISHING a poster about mentioning EAs, to being the major poster of EA related materials in this thread!!
To free Gazans of Hamas, use whatever it takes.
  • #120,290
  • Jun 8, 2021 9:18am Jun 8, 2021 9:18am
Quoting DrDave
{quote} I don't 7788 will derail a group effort. He is a changed man also. He has not once not referenced BigE in any post. Are you serious, or just skipped over all of the recent the posts that Vincent has made that have nothing to do with BigE or the 5-method, or he makes some distortion (or blatant lie) about the green cross red? here here here...
Please stop Dave, I am cracking myself this side.
  • #120,291
  • Jun 8, 2021 9:36am Jun 8, 2021 9:36am
i opened the first position ,2nd is opened by B3 but there is no pipstep distance
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  • #120,292
  • Jun 8, 2021 9:41am Jun 8, 2021 9:41am
Quoting T4Trade
i opened the first position ,2nd is opened by B3 but there is no pipstep distance {image}
Which TDI crossover did you use as a indication that a possible TDI entry could be made depending on Post#647 advice?
  • #120,293
  • Jun 8, 2021 9:51am Jun 8, 2021 9:51am
Quoting tommydoginti
{quote} GU. Just simply enter upon TDI green bounce red when the reversal is formed {image}{image}
The Bear just don’t give up easily on the swing reversal and gave me a few good buy opportunities.

TDI green cross red as entry. Again the reversal setup (hdiv as one) on HTF confirmed buy decision.

good night

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  • #120,294
  • Jun 8, 2021 10:22am Jun 8, 2021 10:22am
Quoting T4Trade
i opened the first position ,2nd is opened by B3 but there is no pipstep distance {image}
The entries were candle #3 and #5, very late entry.
Also they are small candles.

this is an invalidate setup as of BigE’s TMS
  • #120,295
  • Edited 11:53am Jun 8, 2021 11:40am | Edited 11:53am
Quoting tommydoginti
{quote} Learning the equations will definitely help you in practicing TMS and “burn it in your memory” https://www.investopedia.com/trading...r-candlestick/ Not that difficult to know when the HA candle colour change and /or approx size of the candles after some practice

I got an inquiry on How to estimate HA candles from OHLC and Why strip HA off.

Ans: A few reasons.
1) I trade with mobile MT4 when working or outside. I rarely use PC for charting. And mobile MT4 does not support HA candles.
2) Stripping off the chart with indi is the ultimate goal of TMS, to become really the simplest form. I keep the TDI because TDI is heart of Trading Made Simple system, and is really useful in trigger and confirmation.

As of how my trades can abide to the original TMS, You see a bunch of stupid and losing traders blindly raise their opposition without any intelligent thinking.

Take my most recent trade as an example

Here is my entry candle at 15:36 broker time shown in traditional candlestick chart
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Now, understand the formula of HA candles, you can estimate the Open and Close of current and previous candles. Just like this. Slight variants of HA does not affect the final candle color.
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This is the same GU chart showing the HA candles before 15:36. Notice my entry was HA candle color change #1 at 15:36.
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Some traders are obsessed with "Experienced traders" and cannot free from their own devils to learn the fact and the true TMS system. Others should appreciate their contribution to feed winners in the market, and making up the statistics of losing traders.

Trade well and good luck.
  • #120,296
  • Jun 8, 2021 1:53pm Jun 8, 2021 1:53pm
UC and Gu I can see text book chart pattern.
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MA provides the market's current direction and strength.
  • #120,297
  • Jun 8, 2021 2:03pm Jun 8, 2021 2:03pm
Quoting T4Trade
i opened the first position ,2nd is opened by B3 but there is no pipstep distance {image}
what is the Magic No/EAN of your 1st buy position?


Many lessons on how to make trading simple with Blessing3.

- there should not be any trade to open this week. (Jun 08 to11)

- look at Weekly Average Price Bars when you want to make trading simple with Blessing3. (see my chart below, APB candles in sub-window)
we initiate B3 trading activity when the Weekly APB setup is a True REVERSAL candle is confirmed and we trade the following week open.

- trading with B3, I look back the previous Weekly candles highs and lows. I use the HTF Japanese candles on my H4 charts.

- important to use EAN or Magic Number when running TMS B3.
B3 will manage trades with same Magic no.

more/...

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #120,298
  • Jun 8, 2021 2:22pm Jun 8, 2021 2:22pm
Quoting Tekkies
{quote} Which TDI crossover did you use as a indication that a possible TDI entry could be made depending on Post#647 advice?

Quoting tommydoginti
{quote} The entries were candle #3 and #5, very late entry. Also they are small candles. this is an invalidate setup as of BigE’s TMS

Hey TMS Folks,

Good to see we have also @Tekkies and @tommydogie interested in trading with Blessings.

Keep you questions and concerns coming. I will share with everyone my 15 years experience with Blessing EAs.

@Tekkies

- The option which TDI RSI price cross MA settings are explained in the Blessing User Manual. You can set the RSI(13) with MA(7) as your personal preference.

- There are also the TF timeframe and Entry Delay settings which the experienced B3 TMS traders have to decide on their own. My preference is 5-min chart and entry delay of 2400 seconds. This setting is to restrict too many order entries within the 4-hour period. Effectively, B3 will open a new order using the 5-min TDI cross in the next 4hr candle, provided the minimum Order Distance setting based on ADR pips.

@tommydogie

- we can only run B3 using a PC and we plan our trades using Big E' TMS 5-Method chart template.
Blessing3 is an expert advisor and is PC based-application. MT4 expert advisors EA cannot not run in mobile MT4.
You need a working PC and stable power and internet connection to run expert advisors EAs.
You can use a Microsoft Windows desktop PC or a MAC desktop. Preferably with a large monitor.

- trade decision is based on APB candles on Weekly chart TF. Preferred entry is APB#1 provided that is a True REVERSAL candle setup to support that.

Do Not hesitate to ask me more questions. I was active in the jtatoday forum for more than 10 years and learn from their developers and Blessing EA users.
Unfortunately jtatoday company shutdown 2 years ago. But I am here to help people and get blessed doing so.

Stay Safe ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #120,299
  • Jun 8, 2021 2:37pm Jun 8, 2021 2:37pm
Quoting emmanuel7788
{quote} {quote} Hey TMS Folks, Good to see we have also @Tekkies and @tommydogie interested in trading with Blessings. Keep you questions and concerns coming. I will share with everyone my 15 years experience with Blessing EAs. @Tekkies - The option which TDI RSI price cross MA settings are explained in the Blessing User Manual. You can set the RSI(13) with MA(7) as your personal preference. - There are also the TF timeframe and Entry Delay settings which the experienced B3 TMS traders have to decide on their own. My preference is 5-min chart and...

Weekly chart details...when trading with Blessing3 EA

* important that we trade with Weekly chart TF and use the Average Price Bar APB
I will explain why use the APB in separate posts.

and we use the 2bars-lookback for Trade Exit Management.



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #120,300
  • Jun 8, 2021 2:47pm Jun 8, 2021 2:47pm
Quoting emmanuel7788
{quote} {quote} Hey TMS Folks, Good to see we have also @Tekkies and @tommydogie interested in trading with Blessings. Keep you questions and concerns coming. I will share with everyone my 15 years experience with Blessing EAs. @Tekkies - The option which TDI RSI price cross MA settings are explained in the Blessing User Manual. You can set the RSI(13) with MA(7) as your personal preference. - There are also the TF timeframe and Entry Delay settings which the experienced B3 TMS traders have to decide on their own. My preference is 5-min chart and...
Good to see we have also @Tekkies interested in trading with Blessings.
Hey Vincent, looks like you are wrong, as usual. Tekkies was asking about the TDI green cross red to determine which TF that T4Trade saw a valid crossover to signal for him to examine his entry criteria. It is irrelevant that T4Trade happened to be using an EA as well. In case you forgot, this is the TMS thread for discussion of the 5-method ONLY, per BigE's post #5, "this thread will only be about the 5 method."
So someone that posts a chart with entries but not a word about TDI seems to be off track.
To free Gazans of Hamas, use whatever it takes.
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