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Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple

  • #123,061
  • Jul 25, 2021 6:27pm Jul 25, 2021 6:27pm
Quoting Sirajdeen
{quote} thank you so much emmanuel awesome lesson learnt waiting for your lessons in upcoming days Keep teaching...
@Sirajdeen

You are welcome.
Please remember one thing: your trading success depends on you and your own hardwork. You need commitment and make sacrifices to work on your own and you will enjoy your trading journey and you will see your results in the next 2 to 3 years. Do No make the same mistake made in expecting instant success and get rich fast.
Be prepared to spend 3 to 5 hours everyday for the next 2 to 3 years and spend time in doing your own trading system development. It need time to foreward test every new system your develop. In your system development, you use only Big E' 5-Method and remember what he said that you can trade without the TDI. The trading methodology is less that 10% of the system.
You will need to write your own Blueprint for Trading Success and follow that.

While we talk about using Big E TDI#25 in the coming lessons, it will be good when you have this book and learn about the RSI and how the TDI uses the RSI data to provide the price momentum information and trade setup signal.

this book ...
RSI: The Complete Guideby John Hayden click to [download]

Trend Determination using the RSI click to [download]

and also learn about

Fozzy RSI Method{ here }

and also how to replicate the TDI green and red lines using simply the RSI(8) and SMA(8) what was known as the 8x8 cross. { here } and { here }
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,062
  • Jul 25, 2021 6:32pm Jul 25, 2021 6:32pm
Quoting hasib
Truth is there are few problems you can not solve it with adding indicators or Changing system. Accept those area in the chart try to avoid trading those conditions with your understanding it is the way to go. You can't avoid all of those but if you could avoid few that is your edge. when market is trending every one can make money. just riding the trend. But when price is not trending or price is not going where price you want to go, before going your target price reverse. A price reverse could be a pull back or A price reverse could be a new trend...
the smallest part of a winning trading system has the least numbers of problems ....
the largest part of the same winning trading system is the most difficult to develop and also the least number of problems but take the most time.

The Market "Iceberg"

Attached Image (click to enlarge)
Click to Enlarge Name: the market iceberg.png Size: 302 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,063
  • Jul 25, 2021 6:57pm Jul 25, 2021 6:57pm
Does anyone here have experience in editing indicator?
  • #123,064
  • Jul 25, 2021 7:52pm Jul 25, 2021 7:52pm
Quoting baxter01
Please correct me if I´m wrong: there was a study on the success rate of "Candlestick Pattern" and single Candlesticks - when I remeber correctly by an italian guy.. the results were no big surprise: the best are near 50% which might be not bad at all and results differ from pair to pair. It only shows how important the good risk management is. This is the real key to success ( my belief!) I think the same is true for "TMS". I hope to be successfull with it..times will show..
Yes!
I have seen different study reports on Chart patterns and Candlestick patterns,
and they show the 'success rates' were mostly between 40% and 52%, with very few have 'success rate' above 50%. The average was like 42%+
For example:
A study of DBHLC and DBLHC show very high success rate of ~61% between 2006 and 2015 but much lesser number of occurrences.
Where a BUEOB and BEEOB for the same period has more occurrences but lower success rate of ~46%.

You can contact Steve Nison and he has his tools to show you.

I bought an analyzer tool which runs offline using any price data of any broker. This software tools is user configurable with many options, like for example, I can input any particular price setup candle like the HA close above 5EMA and different exit options.
The test results for TMS 10 years data was not positive for H1 and M15. But shows better for H4 and much better for Daily.
I did post the test results in this thread before.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,065
  • Jul 25, 2021 8:35pm Jul 25, 2021 8:35pm
Quoting emmanuel7788
{quote} and to this fool, who thinks Big E left a void ... {quote} #76,129 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...
Wake up Emmanuel.

Did you post this or not?
Post 122,600

hi ladharimohan



but I am here to fill the void left behind by the OP Big.

who said that? read Tekkies' post below and that was Feb 2017

10 years on, I am still filling the void Big E left behind.... its a big sink hole and growing larger every day

-----------------------------
Now I am the fool that wrote BigE left behind a "void" and yet it is good and right that you may use the word "void" to boost your fragile ego.

Can i also have what you smoke.
>I want to know how does it feel to be zonked out of mind.

Really do wonder who is the real fool around here.
  • #123,066
  • Jul 25, 2021 8:51pm Jul 25, 2021 8:51pm
Quoting Tekkies
{quote} Wake up Emmanuel. Did you post this or not? Post 122,600 hi ladharimohan but I am here to fill the void left behind by the OP Big. who said that? read Tekkies' post below and that was Feb 2017 10 years on, I am still filling the void Big E left behind.... its a big sink hole and growing larger every day ----------------------------- Now I am the fool that wrote BigE left behind a "void" and yet it is good and right that you may use the word "void" to boost...

@Tekkies

you did not get the hint in my Post122,600 to that fool who made that Post 76,129

maybe a screenshot below for you to see that as a picture ... A picture is worth a thousand words...

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies link to 122600 full pic.png Size: 113 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,067
  • Jul 25, 2021 8:53pm Jul 25, 2021 8:53pm
Quoting romulorios
Does anyone here have experience in editing indicator?

you want a VWAP version for H4, right?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,068
  • Jul 25, 2021 8:56pm Jul 25, 2021 8:56pm
Quoting emmanuel7788
{quote} @Sirajdeen You are welcome. Please remember one thing: your trading success depends on you and your own hardwork. You need commitment and make sacrifices to work on your own and you will enjoy your trading journey and you will see your results in the next 2 to 3 years. Do No make the same mistake made in expecting instant success and get rich fast. Be prepared to spend 3 to 5 hours everyday for the next 2 to 3 years and spend time in doing your own trading system development. It need time to foreward test every new system your develop. In...

from the same author of RSI:The Complete Guide

10 Lies about the RSI traders believed.

Attached Image (click to enlarge)
Click to Enlarge Name: Ten (10) RSI Lies that Traders Believe 26-7-2021 7-06-19 am.png Size: 175 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,069
  • Jul 25, 2021 9:14pm Jul 25, 2021 9:14pm
Quoting emmanuel7788
{quote} you want a VWAP version for H4, right?

That indicator he has the times. Daily, weekly and monthly. I wanted 4 days
  • #123,070
  • Jul 26, 2021 12:50am Jul 26, 2021 12:50am
Watch this video, It will help your trading.

Inserted Video
MA provides the market's current direction and strength.
  • #123,071
  • Jul 26, 2021 1:42am Jul 26, 2021 1:42am
Quoting emmanuel7788
{quote} @Tekkies you did not get the hint in my Post122,600 to that fool who made that Post 76,129 maybe a screenshot below for you to see that as a picture ... A picture is worth a thousand words... {image}
Now it is a hint?

You used "void" to justify your relentless posting that is not based on what BigE has posted.

Sorry Emmanuel, your own posts has exposed you for who and what you are and what comes to mind is bad and ugly.

Have a nice day Emmanuel with a little bit of advice: Stop hating yourself.
  • #123,072
  • Jul 26, 2021 2:46am Jul 26, 2021 2:46am
@Emmanuel7788 and @ Tekkies

Firstly thanks to Emmanuel7788 for your hint to Steve Nison and your knowlegde about Patterns.. so I feel comfortable
with what I remember.

It`s nice to read that you both love each other and your postings make users of the system "thinking".
You both know that there is no "absolutely right or wrong" and every trader knows this either.

What should be discussed in more detail is "improvements" ..I hope there are some.
A lot traders like me who are not that familiar with the system need your valid inputs and hints.
Thank you .
  • #123,073
  • Jul 26, 2021 2:48am Jul 26, 2021 2:48am
Quoting eelfranz
Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are in your favor. Why? Because I'm expecting 3-8 candles... which is average... With bounce trades the odds are lower for your success... but it still works. When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: How close am I to the previous high or lo Am I in an uptrend or downtrend.. short & long term... Am I in or close to a consolidation area Are the previous candles small... Look at the candles on the last...

UsdChf Jul 26 H4 trade :

- I posted this trade 7 hours ago in dzimidula's new thread in the Interactive Trading forum. { here}

- the setup was a True REVERSAL based on Post#261. that setup candle was an Inside Bar, ... risk!
this is a live example what Big E meant the 'last reversal, big candle and small candle'.

- but because that happened last Friday and it was a London Close I did not take that trade setup but waited till New York Open on Sunday 5pm.

- seeing the price gap down, I waited for the gap to be 'filled' then place my sell entry.

Attached Image (click to enlarge)
Click to Enlarge Name: UsdChf Jul26 H4 trade SYD 26-7-2021 3-35-40 pm.png Size: 56 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,074
  • Jul 26, 2021 3:29am Jul 26, 2021 3:29am
Quoting emmanuel7788
{quote} Yes! I have seen different study reports on Chart patterns and Candlestick patterns, and they show the 'success rates' were mostly between 40% and 52%, with very few have 'success rate' above 50%. The average was like 42%+ For example: A study of DBHLC and DBLHC show very high success rate of ~61% between 2006 and 2015 but much lesser number of occurrences. Where a BUEOB and BEEOB for the same period has more occurrences but lower success rate of ~46%. You can contact Steve Nison and he has his tools to show you. I bought an analyzer tool...
a BUEOB and BEEOB for the same period has more occurrences but lower success rate of ~46%.
And yet with such a dismal success rate, Vincent has posted that those are his favorite patterns. Just another piece of the failure puzzle falling into place with his logic of failure ...
To free Gazans of Hamas, use whatever it takes.
  • #123,075
  • Jul 26, 2021 3:36am Jul 26, 2021 3:36am
Quoting Tekkies
{quote} Wake up Emmanuel. Did you post this or not? Post 122,600 hi ladharimohan but I am here to fill the void left behind by the OP Big. who said that? read Tekkies' post below and that was Feb 2017 10 years on, I am still filling the void Big E left behind.... its a big sink hole and growing larger every day ----------------------------- Now I am the fool that wrote BigE left behind a "void" and yet it is good and right that you may use the word "void" to boost...
But don't forget about "MegaFool", full of hubris and arrogance, who makes posts like this from about a year ago!!
Quoting MegaFool
when Big E does not show up and rarely post, then I would have to be posting to fill the 'void' and to keep his legacy alive.

filling in the big shoes of Big E isn't an easy daily tasks. I need to have lot of knowledge, experience, resources, materials, etc. to keep up with and to provide all the missing pieces of a 10,000 piece puzzle.
Just keep doing what you're doing, Vincent, so the readers get their daily laughs before they go to a serious thread to learn something about trading.
To free Gazans of Hamas, use whatever it takes.
  • #123,076
  • Jul 26, 2021 3:43am Jul 26, 2021 3:43am
Quoting emmanuel7788
{quote} @Tekkies you did not get the hint in my Post122,600 to that fool who made that Post 76,129 maybe a screenshot below for you to see that as a picture ... A picture is worth a thousand words... {image}
@Vincent
you did not get the hint in my Post123,050 to that MegaFool who made that Post 103,533?
To free Gazans of Hamas, use whatever it takes.
  • #123,077
  • Jul 26, 2021 4:00am Jul 26, 2021 4:00am
Quoting emmanuel7788
{quote} UsdChf Jul 26 H4 trade : - I posted this trade 7 hours ago in dzimidula's new thread in the Interactive Trading forum. { here} - the setup was a True REVERSAL based on Post#261. that setup candle was an Inside Bar, ... risk! this is a live example what Big E meant the 'last reversal, big candle and small candle'. - but because that happened last Friday and it was a London Close I did not take that trade setup but...
seeing the price gap down,
Hmmm. So why is it that upon close examination of the screen capture that you posted, there is no gap between the close of a bar and the open of the subsequent bar for several bars on either side of your entry??
To free Gazans of Hamas, use whatever it takes.
  • #123,078
  • Jul 26, 2021 5:18am Jul 26, 2021 5:18am
Trade EMA and Trade the flow of the market, No need TDI, No Need stochastics.
Double screen trading.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 66 KB
MA provides the market's current direction and strength.
  • #123,079
  • Jul 26, 2021 5:27am Jul 26, 2021 5:27am
Quoting DrDave
{quote} a BUEOB and BEEOB for the same period has more occurrences but lower success rate of ~46%. And yet with such a dismal success rate, Vincent has posted that those are his favorite patterns. Just another piece of the failure puzzle falling into place with his logic of failure ...
46% win rate is good win rate, some people have 30% win rate yet they make good profit.
MA provides the market's current direction and strength.
  • #123,080
  • Jul 26, 2021 6:05am Jul 26, 2021 6:05am
Quoting hasib
Trade EMA and Trade the flow of the market, No need TDI, No Need stochastics. Double screen trading. {image}
Listen idiot stop spamming on this thread with your useless idiotic posts! You started 28 threads imbecile! Post there!
Since you are too much of an idiot its worth pointing out TDI is major part of this system thread!

Stop posting every video article you watched, read immediately after like you are a trading expert giving advise to unsuspected.You are a simple simpleton!Your feathers still have not pierced from skin!! Only conclusion is left by spamming here you try to get some attention! Try that on your USELESS idiotic threads 28 of them!
In trading, you have to be defensive and aggressive at the same time
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Tekkies