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Trading Made Simple

  • #123,821
  • Aug 30, 2021 12:12pm Aug 30, 2021 12:12pm
Quoting Davit
{quote} Dear DonVic This psychopath fool hasiB started over 12 "systems" threads yes all there you can look and abandoned them because they were all losers and he himself does not trade them!Most are posts by himself arrogantly projecting like here at TMS that he "knows" trading and everyone else is inferior.The stupid arrogance is staggering and to swindle of accountability this fool keep spamming more nonsense trying to bury his stupidity behind copy paste articles from net. He does not have live working SYSTEM he spams here at TMS because nobody...
Hi Davit,

I am doubtful if Hasib knows trading at all. Back testing with 20 trades can barely come to any conclusion of a strategy...

Despite of no valuable trading knowledge, one of his thread does have some value for other traders. We should appreciate his contribution.

A lesson to others of what shouldn't be done.

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  • #123,822
  • Aug 30, 2021 12:19pm Aug 30, 2021 12:19pm
Quoting tommydoginti
{quote} Hi Davit, I am doubtful if Hasib knows trading at all. Back testing with 20 trades can barely come to any conclusion of a strategy... Despite of no valuable trading knowledge, one of his thread does have some value for other traders. We should appreciate his contribution. A lesson to others of what shouldn't be done. {image}
Ha ha ha nice one.
MA provides the market's current direction and strength.
  • #123,823
  • Aug 30, 2021 12:32pm Aug 30, 2021 12:32pm
Quoting tommydoginti
{quote} BigE’s Trading Made Simple has simple entry and exit rules. Simply follow the guidelines by BigE. 1. TDI green red line —-> Cross down from 68 (BigE’s favourite) (#647 PA analysis) 2. Previous High/Low —-> Lower High 3. Rejection at previous High/Low ——> rejection at lower high 4. Trend, long and short term —-> Ranging at HTF. {image} Adding crap EAs does not help improve your trading. Set and forget SLTP you can maximise your odds and profit with your analysis. Trust your analysis as a TMS trader #1718 All this extra crap does nothing but...
GBPUSD.
Scalping at LTF in ranging market. Closing all positions before bed.

BigE’s Trading Made Simple has simple entry and exit rules.

Simply follow the guidelines by BigE.

1. TDI green red line —-> Bounce after Cross back from 32
(#647 PA analysis)
2. Previous High/Low —-> Low breaking out of range
3. Rejection at previous High/Low ——> rejection and back to range. Price likely to stay in range.
4. Trend, long and short term —-> Ranging at HTF.
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Adding crap EAs does not help improve your trading. Set and forget SLTP you can maximise your odds and profit with your analysis. Trust your analysis as a TMS trader

#1718
All this extra crap does nothing but confuse other traders and their success rate drops and they can't figure out why...

Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES.
That's what makes it work !
  • #123,824
  • Aug 30, 2021 2:26pm Aug 30, 2021 2:26pm
Davit,

This is the really good stuff, thanks for posting.

One thing I am struggling with now is; having the confidence to pull the trigger on a sell when price reaches e.g. R38, how do I know it is not going to continue to R61 or even beyond, I know we are considering 'location' but that spike in your example could just have easily gone North if the bank decided to go long with its large order instead of short - right? then there would be an even more promising 'location' to sell at R61.

In such a situation I am guessing you just keep the R38 shorts open and hope to average down the loss when it (hopefully) reverses back to the pivot point - rather than close the R38 shorts and sell again at R61?

I am looking at this method purely as a technical trade, I know I am probably missing a large fundamental analysis component to your trading that gives you the confidence on the expected direction back to the pivot? After all price could be ranging in a slowly rising channel that means price does not quite return to the central pivot (if you see what I mean).


Quoting Nostromo
{quote} Davit, This is the really good stuff, thanks for posting. One thing I am struggling with now is; having the confidence to pull the trigger on a sell when price reaches e.g. R38, how do I know it is not going to continue to R61 or even beyond, I know we are considering 'location' but that spike in your example could just have easily gone North if the bank decided to go long with its large order instead of short - right? then there would be an even more promising 'location' to sell at R61. In such a situation I am guessing you just keep the...

Yes Nostro I average in.I only take the loss when I know I have no chance to recover.So far that rarely happened to me since trading pivots.
MA provides the market's current direction and strength.
  • #123,825
  • Edited 3:49pm Aug 30, 2021 3:06pm | Edited 3:49pm
Quoting hasib
Davit, This is the really good stuff, thanks for posting. One thing I am struggling with now is; having the confidence to pull the trigger on a sell when price reaches e.g. R38, how do I know it is not going to continue to R61 or even beyond, I know we are considering 'location' but that spike in your example could just have easily gone North if the bank decided to go long with its large order instead of short - right? then there would be an even more promising 'location' to sell at R61. In such a situation I am guessing you just keep the R38 shorts...

You should read post one on pivot trading where it states:

How to trade pivots
Zones 61 to 100 are usually areas where swings fail and you can counter trade or trade with trend

Now if you look at the currency strength fundamentals like news , speeches and other gemeral economic actions which is going on around the world for the pair in question you can get a bigger picture

In all fairness i think you could choose a single currency pair with pivot trading and become an expert in that field and make huge profits each month

Now add in larger TF price action and also how price reacts around these areas and tbh most times there is a high probabilty of a reaction at these areas you can have an edge and a very good edge

Yes you are correct that trades can go against you, now this is where you need to manage your account/money/risk/whatever but the profits massively outway the very few times it goes wrong so one trade with even a big DD like you keep saying is nothing compared to the huge % gains when you understand the system that has been given to people to use for free.

I think you by now can see that people who have been trading a long time can see straight through you and what you post is irrational the majority of the time and clearly you are not very profitable

I think you should take a big few steps back and think yo yourself:

I wont pretend to be an expert anymore and spend some time learning to trade properly

But being predictable you will come back with a load of rubbish to make yourself look foolish again
  • #123,826
  • Aug 30, 2021 6:41pm Aug 30, 2021 6:41pm
Quoting Wags
{quote} You should read post one on pivot trading where it states: How to trade pivots Zones 61 to 100 are usually areas where swings fail and you can counter trade or trade with trend Now if you look at the currency strength fundamentals like news , speeches and other gemeral economic actions which is going on around the world for the pair in question you can get a bigger picture In all fairness i think you could choose a single currency pair with pivot trading and become an expert in that field and make huge profits each month Now add in larger...

good post Wags.

Many traders rant in this Big E' thread about 'keep it simple' for years and more recent months repeated daily rants with 'follow Big E entry and exits rules', "do not add anything.." blah blah blah, etc.

These traders have no idea how to make money the big way and do not have the mental fitness to trade the markets and managing drawdowns when trading with multiple entries and trading small positions to build up their positions in the market. They would follow the OP of this thread Big E in risking all 15% to 30% of their account in one single entry trade.


"
How to trade pivots
Zones 61 to 100 are usually areas where swings fail and you can counter trade or trade with trend
"
I read the work of Scott Carney too when I was trading with GFT and also Larry Pesavento, both are harmonics traders. When price make a momentum move it will tend to pause/correct/reverse/.... and between 61.8 and 78.6 are high potential trade zones. In my long swing trading I still follow some of the basic harmonics analysis when I do my weekly top down analysis and make my trade plans.
But as in all things trading the markets nothing work 100% of the time. If they work just a mere 50% of the time, the road to making money is there for everyone who are prepared to spend the thousand of hours in learning and practice, practice, practice ... its is not just reaching Deep Practice, it has to be Deliberate Practice.

Many will not make it up there. That's the hard truth trading the retail spot forex market.

Trade Well. Stay Safe
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,827
  • Aug 30, 2021 7:18pm Aug 30, 2021 7:18pm
Quoting tommydoginti
{quote} BigE’s Trading Made Simple has simple entry and exit rules. Simply follow the guidelines by BigE. 1. TDI green red line —-> Cross down from 68 (BigE’s favourite) (#647 PA analysis) 2. Previous High/Low —-> Lower High 3. Rejection at previous High/Low ——> rejection at lower high 4. Trend, long and short term —-> Ranging at HTF. {image} Adding crap EAs does not help improve your trading. Set and forget SLTP you can maximise your odds and profit with your analysis. Trust your analysis as a TMS trader #1718 All this extra crap does nothing but...
Big E' post:
I would not have entered this trade above... consolidation and poor angles (12-2...4-6) is best.
post 6971 & 6973

>>> should be 6970 and 6972 charts,

GBPUSD Aug31 H4 Tokyo Open

- small HA candles, 5EMA flat, ....

but,

- there is the 10EMA on Weekly
- there is the 50EMA on Daily
- there is the 200EMA on H4

interesting chart situation for today 4H short swing trading

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Trade Safe !
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,828
  • Aug 30, 2021 7:22pm Aug 30, 2021 7:22pm
Quoting Pecunia
Took this one about half an hour ago. I know PA is a little choppy.. {image}
#6970
that is s setup with known risk and the trader need to mitigate those risk.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,829
  • Aug 30, 2021 7:29pm Aug 30, 2021 7:29pm
Quoting pipiness
{quote} Thanks for your reply, 2scoops. Heres a screenshot of my chart. {image} My red and green line are still close together - is this TDI indicator maybe not working properly? Any advice would be greatly appreciated. Thanks.

that is setup has the 5-Method technical conditions
- 5 bars/candles swing high @BRN 1.4500
- true reversal candle with Stoch %K cross %D
- the TDI RSI green price line roll over
- PA vs OSC divergence

> study old charts and Big E' comments, learn from these.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,830
  • Aug 30, 2021 8:04pm Aug 30, 2021 8:04pm
Quoting tommydoginti
{quote} GBPUSD. Scalping at LTF in ranging market. Closing all positions before bed. BigE’s Trading Made Simple has simple entry and exit rules. Simply follow the guidelines by BigE. 1. TDI green red line —-> Bounce after Cross back from 32 (#647 PA analysis) 2. Previous High/Low —-> Low breaking out of range 3. Rejection at previous High/Low ——> rejection and back to range. Price likely to stay in range. 4. Trend, long and short term —-> Ranging at HTF. {image} {image} Adding crap EAs does not help improve your trading. Set and forget SLTP you...

hey @tommydogie

you love euphoric trading in the fast lane?

this one for you to think over.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,831
  • Aug 30, 2021 8:19pm Aug 30, 2021 8:19pm
CADJPY Aug31 H4 Tokyo 10am

- this one must wait till the 4hr closes,

>>> PATIENCE ... anything can happen every hour of today!

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,832
  • Aug 30, 2021 8:41pm Aug 30, 2021 8:41pm
Quoting hasib
{quote} many of them quit trading too. don't act expert. EMM is still trading. don't post your BS learn to trade. it will help you.
that's true when you follow Big E posts since 2008 till 2011.

Fact: many have quit TMS but some are trading their own systems.
these members developed on their own systems and moved on. I know the active TMS team who worked together and developed TMS-II after Big E stopped posting in 2011 and he died in 2012.

Big E talked about an advanced version in his skype group but he fell very ill and stopped trading.

TMS-II project was completed in 2013.

{ here } for some information about TMS-II project system development.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,833
  • Aug 30, 2021 8:43pm Aug 30, 2021 8:43pm
Quoting Wags
{quote} You should read post one on pivot trading where it states: How to trade pivots Zones 61 to 100 are usually areas where swings fail and you can counter trade or trade with trend Now if you look at the currency strength fundamentals like news , speeches and other gemeral economic actions which is going on around the world for the pair in question you can get a bigger picture In all fairness i think you could choose a single currency pair with pivot trading and become an expert in that field and make huge profits each month Now add in larger...
But being predictable you will come back with a load of rubbish to make yourself look foolish again

It happens in cycles. Likely when he blows an account, rage takes over. That is the time when he comes to FF and spread his toxic naysaying.

In this month alone, he had used 3 losing trading system at least. Every time he came and Naysaying to another system like TMS, Davit’s pivot trading, and Dingoman-two’s DBB.

Hope he learns his lessons and finds ways to improve his trading.

trade well everyone
  • #123,834
  • Aug 30, 2021 9:03pm Aug 30, 2021 9:03pm
Quoting tommydoginti
{quote} But being predictable you will come back with a load of rubbish to make yourself look foolish again It happens in cycles. Likely when he blows an account, rage takes over. That is the time when he comes to FF and spread his toxic naysaying. In this month alone, he had used 3 losing trading system at least. Every time he came and Naysaying to another system like TMS, Davit’s pivot trading, and Dingoman-two’s DBB. Hope he learns his lessons and finds ways to improve his trading. trade well everyone
@tommydogie

trading the markets is a journey which every one has to go through on his/her own ways.
I look at things differently. I know the facts here, hasib join FF in 2013 and he started posting about trading since then, and that's about 8 years . He has a lot of materials and resources which he can use in his own trading development. I believe those are his assets and he will find his winning systems and make it to be trader he aspires to be.

you @tommydogie, on the hand joined FF in Oct 2020, today we are in August 2021... count the months!
your trading background starts with your first post [copied and paste] below from that Magic 100 thread.

here re-print of your first post:
<?>
Hi Guys. I am new to the forum and also Forex (~4 month in). My goal is to write EAs for auto trading (Also new to MQL4 and PineScript too!)

Anyway I came across this thread and found that my current strategy is pretty similar to the Magic 100 (mine is more picky, only on EURUSD m15, ~53% win rate but less trades). So I just think might as well backtest the Magic 100 on EURUSD H1 as the most original form.

I did add one more confirmation for trending market, which is a 20EMA and to enter a trade the 20EMA must be also trending down or up (20EMA[1] > or < 20EMA) in the last 3 hours. It does help preventing entries at trend exhaustion and approaching reversal.

Just for comparison, I also backtested another version with StopLoss buffer, which was 1/3 current ATR, one that I use often in testing new strategies (for no reason, just randomly pick the 1/3 multiplier)

I backtested EURUSD H1 from Jun 2020 to 6 Oct, as some "trades" on 7 are not closed yet.
I also included spread of 0.9pips, as many brokers offer <=0.9pips unless near market open/close. So a 2R win is really winning 2x the risk.

Here are the results.
1. No SL performed better than having a SL. The win rate actually went up by 1-6%
2. 2R (win rate 39%) performed better than 1.5R (win rate 42%).
3. The return for 2R/noSL combination gave a staggering 45%/4mth return (compounded by fixed % risk. Or 23% if fixed $ risk)

For some unknown reason, Jun 2020 was a very bad month for Magic 100. The drawdown was >15% with 14 losses in a row!! Anyone has idea what happened? Or is this strategy not profitable in a long run? Maybe an additional indicator to avoid this situation? Any suggestions on further backtesting are welcome

Enjoy
<>

the above post says a lot about you - a young man from Hong Kong whose father is also a trader in his retirement years.

Be nice when in a public forum especially when you are not there yet.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,835
  • Aug 30, 2021 9:32pm Aug 30, 2021 9:32pm
Quoting emmanuel7788
{quote} hey @tommydogie you love euphoric trading in the fast lane? this one for you to think over.
Attached Image (click to enlarge)
Click to Enlarge Name: GU Aug 31 M5 TOK 10am 31-8-2021 9-00-52 am.png Size: 71 KB


{image}

GBPUSD Aug 31 M5 Tokyo 11:30am

- this looks better!

- remember what Big E said about 12-2 and 4-6, he also said 1 and 5 are the "best".

- also 12-2 and 4-6 also for the Stoch(8,3,3,) old thread.

- and if the 5EMA also show 12-2 and 4-6, that would be bonus.



Attached Image (click to enlarge)
Click to Enlarge Name: GU Aug31 M5 Tokyo 1130am 31-8-2021 10-30-38 am.png Size: 71 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,836
  • Aug 30, 2021 10:50pm Aug 30, 2021 10:50pm
Quoting emmanuel7788
{quote} good post Wags. Many traders rant in this Big E' thread about 'keep it simple' for years and more recent months repeated daily rants with 'follow Big E entry and exits rules', "do not add anything.." blah blah blah, etc. These traders have no idea how to make money the big way and do not have the mental fitness to trade the markets and managing drawdowns when trading with multiple entries and trading small positions to build up their positions in the market. They would follow the OP of this thread Big E in risking all 15% to 30%...
Hi Emm

100%

i am still very far from where i need to be, i know what i need to do but my mental state is not correct yet and thats what i am working on with constant practicing and the help of others on FF, there are great traders on FF and if new traders could see that to be successful they need to look at the full picture to start with rather than that exact candle/entry and the holy grail arrow or set of indicators then thats when people can really start to see its possible to make money, indicators can be a great help when used to the persons personal style if that person has already discoverd an edge in their trading

Its no fluke that the market is setup to lure us/or whoever they are targeting in at specific points on the chart, i have been doing this to long with to many small moves against me just when i have thought it was the perfect setup

Stay safe and good luck this week

Paul
  • #123,837
  • Aug 31, 2021 12:32am Aug 31, 2021 12:32am
So far pew point arise here, I have give answer to those. I have arise few point, Davit and his follows called me lot of bad words. What I have said, I give prove. Let's summarize.

1. Davit face Large DD, His followers and He knows it. His thread will give you clear prove of it. Ask your self Last 5 years how many losing trading week he share in FF. He show you just good part of his method, Not the ugly part of it. if you trade with that method you will know it.
2. As I said before gaining 40% return in a week is risky it is possible, I my self gain 300%+ return in a month, Do I do it now, NO I don't. Because I know risk.
3. Davit Act expert from the beginning of this FF journey. He has share many many system in different places. He deny it and I have prove it.

4. Davit followers saying I don't understand Pivot trading, Trust me I do understand pivot trading more than you do. I know both part of it, good and ugly.
5. I have found few more good point, I think davit need to improve those, I will share those soon.
6. Davit don't humiliate your self by posting bad words, Post trading related topic so that we could improve our trading, Just like I have mention your trading weakness, Admit it, your learning new view point, Break your ego, Lets Discuss trading. I am always interested in trading related topic.

Davit your risk management is not good enough for long term account protections. Lets discuss it here now. why you think your risk management is good give us 5 reason. I will give you 5 reason why I think your risk management is not good enough.

when we talk please be on point, don't jump topic to topic, Davit you and your followers as well as me, we could understand what is the mistake your doing how to improve our mistake. we will learn from each other. Just like you learn 10% DD in a week is not good practice.

Throughout this discussions, I am sorry I will not answer your buddy tommydoginti, He started trading for 9 month now, He think there is half discretionary system, He will mislead us. we have to stay on topic.
MA provides the market's current direction and strength.
  • #123,838
  • Aug 31, 2021 12:54am Aug 31, 2021 12:54am
Quoting emmanuel7788
{quote} GBPUSD Aug 31 M5 Tokyo 11:30am - this looks better! - remember what Big E said about 12-2 and 4-6, he also said 1 and 5 are the "best". - also 12-2 and 4-6 also for the Stoch(8,3,3,) old thread. - and if the 5EMA also show 12-2 and 4-6, that would be bonus. {image}

Attached Image (click to enlarge)
Click to Enlarge Name: GU Aug31 M5 Tokyo 1130am 31-8-2021 10-30-38 am.png Size: 71 KB

{image}

GBPUSD Aug 31 M5 at Tokyo 1200pm

- another much better setup ... it is my version of PASR... LOL

I was out doing my grocery run but have the screenshot taken by remote EA.
now I am back home at my desktop PC and I can post

Attached Image (click to enlarge)
Click to Enlarge Name: GU Aug31 M5 TOK 1200pm 31-8-2021 11-03-21 am.png Size: 71 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,839
  • Aug 31, 2021 2:27am Aug 31, 2021 2:27am
Quoting tommydoginti
{quote} US30 Same simple concept applied. BigE’s Trading Made Simple has simple entry and exit rules. for new traders, follow the guidelines by BigE. 1. TDI green red line —-> cross (#647 PA analysis) 2. Previous High/Low —-> Low 3. Rejection at previous High/Low ——> rejection at higher low 4. Trend, long and short term —-> Up. Expect price to move up and form a HH Keep it simple and apply instructions by BigE {image} Adding crap EAs does not help improve your trading. Set and forget SLTP you can maximise your odds and profit...
GU. Trade with trend as price break out of range

Same simple concept applied.

BigE’s Trading Made Simple has simple entry and exit rules.

for new traders, follow the guidelines by BigE.

1. TDI green red line
(#647 PA analysis)
2. Previous High/Low
3. Rejection at previous High/Low
4. Trend, long and short term

Adding crap EAs does not help improve your trading. Set and forget SLTP you can maximise your odds and profit with your analysis. Trust your analysis as a TMS trader

Attached Image (click to enlarge)
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#1718
All this extra crap does nothing but confuse other traders and their success rate drops and they can't figure out why...

Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES.
That's what makes it work !
  • #123,840
  • Aug 31, 2021 2:29am Aug 31, 2021 2:29am
Quoting tommydoginti
{quote} GU. Trade with trend as price break out of range Same simple concept applied. BigE’s Trading Made Simple has simple entry and exit rules. for new traders, follow the guidelines by BigE. 1. TDI green red line (#647 PA analysis) 2. Previous High/Low 3. Rejection at previous High/Low 4. Trend, long and short term Adding crap EAs does not help improve your trading. Set and forget SLTP you can maximise your odds and profit with your analysis. Trust your analysis as a TMS trader {image} #1718 All this extra crap does nothing but confuse other...
EU is more straightforward. Follow the trend as price moves away from higher lows.
Some other approaches determines this as HNS

Same simple concept applied.

BigE’s Trading Made Simple has simple entry and exit rules.

for new traders, follow the guidelines by BigE.

1. TDI green red line —-> cross
(#647 PA analysis)
2. Previous High/Low —-> Low
3. Rejection at previous High/Low ——> rejection at higher low
4. Trend, long and short term —-> Up. Expect price to move up and form a HH

Adding crap EAs does not help improve your trading. Set and forget SLTP you can maximise your odds and profit with your analysis. Trust your analysis as a TMS trader

Attached Image (click to enlarge)
Click to Enlarge Name: F92D6EDE-590E-48CD-BDC9-DEBFB91F584B.jpeg Size: 560 KB


#1718
All this extra crap does nothing but confuse other traders and their success rate drops and they can't figure out why...

Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES.
That's what makes it work !
39 traders viewing now