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Trading Made Simple

  • #120,981
  • Jun 20, 2021 6:46am Jun 20, 2021 6:46am
Quoting emmanuel7788
{quote} hi hasib there is also another study to analyze regions of probability of price reversals during the day using neural network. But this type of study requires large quantity historical price data in the lower timeframes for accuracy. In one study done using neural network tools, the accuracy is between 62% and 76% using maximum 365 days of 5-min OHLC data. Like all things in forex trading nothing is 100%. example GU M15, showing the bearish reversal zones with % and time of day. {image} Threads in FF on neural networks trading tools and...
In 10 years, I guess retail forex traders will be using free or commercial machine learning or AI tools instead of MT4 indicators. Perhaps they will be buying commercial AI tools at $299. However, still most people will be losing money....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #120,982
  • Jun 20, 2021 6:51am Jun 20, 2021 6:51am
Quoting emmanuel7788
{quote} "do u use cavemnager for trailing or TMS19? " I can use either of them. For day-trading H1 trade management, I prefer THV CaveManager. But for 4H Swing Trading, I use SteveHopwood's EAs MPTM and APTM which is similar to what is in TMS_V19 .
there are so many EAs in pipline like blessing,EVO,TMS19,cave manager.
you are talking 2 more,will it not be too many ,should we pick the best ones to carry out the job?
  • #120,983
  • Jun 20, 2021 6:53am Jun 20, 2021 6:53am
Quoting heispark
{quote} In 10 years, I guess retail forex traders will be using free or commercial machine learning or AI tools instead of MT4 indicators. Perhaps they will be buying commercial AI tools at $299. However, still most people will be losing money....

there are many different reasons why retail forex traders will continue to lose money this decade and the next and the next....

in several FF threads about losing traders ... hanover posted summary list of most reasons but he still miss the big ONE!

"Why 99% of traders lose money"
https://www.forexfactory.com/thread/...ers-lose-money




I know many traders who lost money have one same common problem.

FF member hanover whom I consider a honest person and a distinguished member in our FF trading community has these to say:
read them { here }
https://www.forexfactory.com/thread/...18#post9463418
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #120,984
  • Jun 20, 2021 6:55am Jun 20, 2021 6:55am
Quoting T4Trade
{quote} there are so many EAs in pipline like blessing,EVO,TMS19,cave manager. you are talking 2 more,will it not be too many ,should we pick the best ones to carry out the job?
If you check with BigE on EAs for the 5-method, you will discover that he decided that even 1 EA is too many. So no need to pick any to discuss in BigE's TMS thread.
To free Gazans of Hamas, use whatever it takes.
  • #120,985
  • Jun 20, 2021 7:03am Jun 20, 2021 7:03am
Inserted Video
MA provides the market's current direction and strength.
  • #120,986
  • Jun 20, 2021 7:05am Jun 20, 2021 7:05am
Quoting emmanuel7788
{quote} With years of trading experience you do not need tools to read Price Action. PA is not that difficult or complex to learn. Start by learning those simple PA the OP Big E mentioned in his old thread. The most basic PA is the Swing High / Swing Low in his old thread. Both your AU and EA H1 charts shows the Swing Low and Swing High PA conditions. Have your MT4 chart set to show Bar Chart with your APB/HA candle in background mode. Every Swing High or Swing Low will have a REVERSAL candle in its 5-bars pattern. Once you know the true REVERSL...
thanks good insight,i would call it a mini reversal /retracement in continuation trend with 5 bars setup on 1hour,that could be masater candle or any other candle setup of higher time frame.
  • #120,987
  • Jun 20, 2021 7:18am Jun 20, 2021 7:18am
Quoting T4Trade
{quote} there are so many EAs in pipline like blessing,EVO,TMS19,cave manager. you are talking 2 more,will it not be too many ,should we pick the best ones to carry out the job?

Big E tried many EAs between 2006 and 2011 and most of those EAs by SteveHopwood did not work back then.

But we are in year 2021 a new decade .... there are a few EAs in SHF and are making money.

Quoting Moewet
Hello I'm I think this system rocks can someone with invite Steve Hopwood to this party I mean I would ask him myself to create this ea but I have no reputation on FF,so most likely he'll just ignore me but please someone reach out and touch him on this one,I know sometimes people don't want ea's to clutter the thread but the way Steve's been doing it lately he can just start a separate thread,thanks I respect the pippin going on here!
member Moewet asked for a trading robot EA by Steve Hopwood.

Quoting eelfranz
Moe, We don't want any EA's. Why? They can't observe and think like humans can and do. You need to learn to think on your own while trading and making your own decisions. Most EA"s don't work well anyway... sorry buddy...
and the OP replied:

Why did the Op Big E said : "Most EA"s don't work well anyway..."

One of many reasons:

"The core problem with most Forex Systems
The problem with most Forex systems (and incidentally why most Forex robots tend to fail in time) is that they are only designed for use on one market type.
If you instead shift your focus to identifying market types and then applying a system to that market type, you might find your Forex trading becomes more fruitful."

.....

As traders, we need to observe the market conditions and think like humans and use our knowledge and experience.

Study this:
Market Types – the first key to Forex system development. { click }
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #120,988
  • Jun 20, 2021 7:26am Jun 20, 2021 7:26am
Quoting T4Trade
{quote} thanks good insight,i would call it a mini reversal /retracement in continuation trend with 5 bars setup on 1hour,that could be masater candle or any other candle setup of higher time frame.

when I started reading Forex Factory, strat' old thread was one of two threads I study and learn to build a strong foundation on price action trading.

the other very long thread is james16 Chart Thread. ... J16

strat's PASR reinforce many of the basic price action stuff I learned from J16 plus strat as teacher instills discipline in his students, and that together has helped me to keep my trading simple according to my knowledge and experience build-up over the years, follow simple rules for entries and exits.

Keep on working on and follow strat' THE PATH and do not stray too far away.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #120,989
  • Jun 20, 2021 7:28am Jun 20, 2021 7:28am
Quoting hasib
https://youtu.be/qk8GVswrvuA

I read a few books on this topic:

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Attached Image

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #120,990
  • Jun 20, 2021 7:31am Jun 20, 2021 7:31am
Quoting emmanuel7788
{quote} there are many different reasons why retail forex traders will continue to lose money this decade and the next and the next.... in several FF threads about losing traders ... hanover posted summary list of most reasons but he still miss the big ONE! "Why 99% of traders lose money" https://www.forexfactory.com/thread/...ers-lose-money I know many traders who lost money have...
the main reason imo is traders refusing to accept that they made a mistake and to take the loss..accepting a loss even if it means taking a loss of 100 pips or even 200 pips is better than having your account busted. The crux of the matter is knowing one's ignorance. Like I mentioned in the 15 minute thread.."only the wisest or the stupidest of men never change" Confucius
the cautious seldom err....C
  • #120,991
  • Jun 20, 2021 6:44pm Jun 20, 2021 6:44pm
Quoting pips29
{quote} the main reason imo is traders refusing to accept that they made a mistake and to take the loss..accepting a loss even if it means taking a loss of 100 pips or even 200 pips is better than having your account busted. The crux of the matter is knowing one's ignorance. Like I mentioned in the 15 minute thread.."only the wisest or the stupidest of men never change" Confucius

Yes! This is very true. We see this everyday.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #120,992
  • Jun 20, 2021 6:47pm Jun 20, 2021 6:47pm
Quoting Tekkies
{quote} Please do so Emmanuel. Make sure that you post chart's in real time at the moment when "neural network tool will show "indicate" the potential reversal zone% and time of day" Normally you like to post hindsight chart's afterwards when price did go in the direction of the "potential reversal zone%" Otherwise readers will never see those failed "potential reversal zone%". {quote} Emmanuel: hey @Tekkies, your financial forecasting has nothing to do with retail forex price and Big E' 5-Method? Tekkies: hey @Emmanuel, your neural network...
*** LIVE trading ***** Jun 21

hey @Tekkies

the time is Tokyo 08:44am

there is no Daily trade 'signal' at this hour.

No live trade now!

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Jun21 Daily TOK 0840am 21-6-2021 7-39-58 am.png Size: 32 KB

Wait for the first 4hr later.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #120,993
  • Jun 20, 2021 8:36pm Jun 20, 2021 8:36pm
Quoting Tekkies
{quote} Please do so Emmanuel. Make sure that you post chart's in real time at the moment when "neural network tool will show "indicate" the potential reversal zone% and time of day" Normally you like to post hindsight chart's afterwards when price did go in the direction of the "potential reversal zone%" Otherwise readers will never see those failed "potential reversal zone%". {quote} Emmanuel: hey @Tekkies, your financial forecasting has nothing to do with retail forex price and Big E' 5-Method? Tekkies: hey @Emmanuel, your neural network...

Quoting emmanuel7788
{quote} *** LIVE trading ***** Jun 21 hey @Tekkies the time is Tokyo 08:44am there is no Daily trade 'signal' at this hour. No live trade now! {image} Wait for the first 4hr later.
*** LIVE trading ***** Jun 21

hey @Tekkies

Tokyo local 10:00am

my first H4 for today, but no trades yet. I wait for the next H4 ...Tokyo 2pm and Frankfurt 7am

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitore Jun21 H4 Tokyo 10am 21-6-2021 9-32-23 am.png Size: 38 KB


and what about H1 at this time?

I see a few good picks.

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Click to Enlarge Name: TMS Monitor Jun21 H1 21-6-2021 9-38-31 am.png Size: 35 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #120,994
  • Jun 20, 2021 9:08pm Jun 20, 2021 9:08pm
Quoting T4Trade
{quote} what is m2m3m15 setup? you are making us sniper traders. {quote} how do we identify continuation setups on 1htf? is it because of week ending and its friday?
'what is m2m3m15 setup? you are making us sniper traders."

here is an example of a m2m3m15 setup entry

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Click to Enlarge Name: US30 Jun21 m2m3m15 setup entry 21-6-2021 10-05-03 am.png Size: 26 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #120,995
  • Jun 21, 2021 12:08am Jun 21, 2021 12:08am
Quoting Tekkies
{quote} Please do so Emmanuel. Make sure that you post chart's in real time at the moment when "neural network tool will show "indicate" the potential reversal zone% and time of day" Normally you like to post hindsight chart's afterwards when price did go in the direction of the "potential reversal zone%" Otherwise readers will never see those failed "potential reversal zone%". {quote} Emmanuel: hey @Tekkies, your financial forecasting has nothing to do with retail forex price and Big E' 5-Method? Tekkies: hey @Emmanuel, your neural network...
*** LIVE Trading **** June 21

June 21 10PM PDT Frankfurt 7am New York 1am

Do you have trade plans prepared?

Do you see any signals that are according to your trade plans?

H4 10PM PDT

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Jun21 10PM PDT FFM7AM NY 1AM EST 21-6-2021 1-01-27 pm.png Size: 34 KB


H1

Do you have a TOK_5H trade plan? See any?


Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Jun21 H1 FFM 7AM 21-6-2021 1-02-17 pm.png Size: 32 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #120,996
  • Jun 21, 2021 12:47am Jun 21, 2021 12:47am
Hello everybody, after a long time i am back to forexfactory . I am a fan of tms strategy . I believe with this i can make some pips . After a lots of failure i am at the beginning once again. And trying to start a fresh beginning. From now I will be only trade like Big E setup , as the time he told , as the timeframe he told . I hope you guys will correct me if i am wrong. I don’t care about the win or lose anymore. Let’s see what happened if I follow the rules.
  • #120,997
  • Jun 21, 2021 1:03am Jun 21, 2021 1:03am
I will be posting my trdes everyday..
here is my todays entry..

correct me if i am wrong...
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  • #120,998
  • Jun 21, 2021 2:01am Jun 21, 2021 2:01am
Hey Vincent, it looks like you are so busy trying to make the follow ups to the IMT vs 5-method from last week that you did not have time for your copy-paste of my post like you did last week. So, even though I did not do the copy-paste of the weekend Top Down Analysis with Intrinsic Market Timing (TDA with IMT), I am posting the follow up as the week gets underway.

See how IMT shows the most likely behavior? The up swings have ALREADY progressed to the H1 TF!
And isn't it absolutely AMAZING that no complex EAs that most readers cannot figure out required, no need for trying to learn what are WCC, WRB, BUOB, and on and on. No need to make Trading Made Simple into Trading Made Incomprehensible. Just use some LAGGING indicators, such as TDI: even price bars are optional.



But of course, here is the link for you to go directly to this week's TDA with IMT.
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To free Gazans of Hamas, use whatever it takes.
  • #120,999
  • Jun 21, 2021 2:15am Jun 21, 2021 2:15am
Quoting emmanuel7788
{quote} 'what is m2m3m15 setup? you are making us sniper traders." here is an example of a m2m3m15 setup entry {image}
Attached Image (click to enlarge)
Click to Enlarge Name: US30 Jun21 m2m3m15 setup entry 21-6-2021 10-05-03 am.png Size: 26 KB


follow up June 21 at Frankfurt 7am

another m2m3m15
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Click to Enlarge Name: US30 Jun21 1pm m2m3m1521-6-2021 1-03-13 pm.png Size: 25 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,000
  • Jun 21, 2021 2:22am Jun 21, 2021 2:22am
EU and GU H4 at London Open

- no H4 trades in CONSOLIDATION market type

- be patient the opportunities will come.

- its only Monday ... there are 29 H4 candles every week.



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Click to Enlarge Name: EU Jun21 H4 V19 21-6-2021 3-20-57 pm.png Size: 73 KB

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Click to Enlarge Name: GU Jun21 H4 V19 21-6-2021 3-21-17 pm.png Size: 76 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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