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Monitor for 'Trading Made Simple' system 565 replies

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Trading Made Simple

  • #123,981
  • Edited Sep 4, 2021 3:02pm Sep 3, 2021 7:53pm | Edited Sep 4, 2021 3:02pm
Trade Report Aug 01 to 31 2021

- only Daily/Weekly charts long swing trading

Attached Image (click to enlarge)
Click to Enlarge Name: Trade Report Aug 2021 69414089EVO 4-9-2021 8-25-41 am.png Size: 26 KB



Quoting tommydoginti
{quote} {image} Pretty good week. {image} #495 Starting out you should be 60-65% successful. Within 1 to two months you should be 70-80% successful.. IF... you follow the simple rules and simple exits... 3-6 months... 85% successful. Don't complicate it... keep it simple. Buy your wheel barrow.. Green pips to all and have a nice weekend.

hey @tommydogie

you can do the same like most people do,

you can use the Trade Report which Davit has uploaded in his thread.
{ here } is the link to download.

percentage win / loss is just one parameter, there are other parameters to consider too .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,982
  • Sep 3, 2021 8:15pm Sep 3, 2021 8:15pm
Quoting emmanuel7788
USDCHF Sep 03 pre-NFP - {image}

USDCHF Sep 03 NFP trading:

>>> when trading high volatility market I learned from Big E that when he scalp he would scalp the 4hr... meaning

<>
If I do any day trading I'll use 1hr charts at news time. Any method and any timeframes are difficult and fast on the 5-15 min charts. That's where most traders get taken to the slaughter and the dealers know it which puts the odds in their favor...

I hate to monitor charts anyway. Even if I scalp the market I use 4hr charts with success....

4hr charts have less noise, less head fakes, less influence by any news. Just has a lot of benefits...
<>

1) I check the 4hr TMS_V19 chart
> Follow Post#647 as pre-trade checklist:
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 reversal... big, little, what
How does the momentum look right now (12-2, 4-6)
Does Stoch's confirm the TDI signal

Market Type conditions:
> Weekly Trend 2/8 ... blue means sideways
> Daily TDIC1 ... follow D1 TDI short term trend for H4


Attached Image (click to enlarge)
Click to Enlarge Name: UCh H4 NYC Sep 03 4-9-2021 7-05-08 am.png Size: 91 KB


USDCHF Sep 03 NFP trades closed
> with the pre-trade checklist done , it was simple and easy decision to trade in the 4hr established direction and PA swing.
> like Big E he would wait on his H1 during news hour.
> I waited 15 mins (8:30am m15 candle to closed) for the first spike to settle and take the trade M15 trade entry.
> If you waited the full one hour, then that H4 would have closed and you can still use the 4H entry based on PA.

Attached Image (click to enlarge)
Click to Enlarge Name: UChf Sep03 NFP trade closed 4-9-2021 7-15-35 am.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,983
  • Sep 3, 2021 8:29pm Sep 3, 2021 8:29pm
Quoting emmanuel7788
{quote} USDJPY Sep 03 pre-NFP - market reacted to the PM Suga stepping down - but the real move come much later not today' NFP - let's stand aside and watch the first spike in the price then decide {image} {image}

USDJPY Sep 03 NFP trading:

> the entire trading process is the same as my USDCHF post above.

USDJPY TMS_V19 Information EA provide me a quick glance overview of what I would use my checklist according to Big E' Post#647.. it is simple and easy but require of lots of practice, practice, practice ,... live market trading experience .

Attached Image (click to enlarge)
Click to Enlarge Name: UJ H4 NYC Sep 03 4-9-2021 7-05-45 am.png Size: 74 KB


USDJPY Sep NFP trades closed

- do you see the M15 Price Action... that 5 bars swing high at "support/resistance" confluence with PPA and BRN.

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Sep03 NFP trade closed 4-9-2021 7-18-03 am.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,984
  • Sep 3, 2021 8:43pm Sep 3, 2021 8:43pm
Quoting emmanuel7788
{quote} USDJPY Sep 03 NFP trading: > the entire trading process is the same as my USDCHF post above. USDJPY TMS_V19 Information EA provide me a quick glance overview of what I would use my checklist according to Big E' Post#647.. it is simple and easy but require of lots of practice, practice, practice ,... live market trading experience . {image} USDJPY Sep NFP trades closed - do you see the M15 Price Action... that 5 bars swing high at "support/resistance" confluence with PPA and BRN. {image}
another chart POMO

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Sep03 NFP trade closed add comments.png Size: 61 KB

question on most people's mind is what will happen with the ¥ in Sep and Oct.


Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,985
  • Sep 3, 2021 8:57pm Sep 3, 2021 8:57pm
just to share one very good post and sharing by member stevepatt here in the old thread:

stevepatt is also one of the pioneer TMS trader with Big E from the start. If you follow his posts in FF in the recent years, he has moved on and at a much higher level trader now. His current thread is "Price - Structure - Flow" { here }

Quoting stevepatt
It's funny how sometimes you attract what your looking for, I was asking yesterday about advice on cutting short losing trades and today received an email that deals with this problem. Here's the link: http://www.learntotradethemarket.com...comment-page-1 there is a lot of very good tips and advice, on his site, for FREE I am not in any way connected with this site just wanted to point people in the direction of further good FREE advice.



Don’t Fall in Love with Your Forex Trades
Here's the link: http://www.learntotradethemarket.com...comment-page-1
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,986
  • Sep 3, 2021 9:10pm Sep 3, 2021 9:10pm
Quoting Tekkies
>>>that is NOT Big E' original 5-Method chart >>Big E already posted these: you can trade without the TDI {image} The need to confuse readers must be overwhelming.
hey @Tekkies

on all my charts posted here, you will always see Big E 5-Method when you know what the original 5-Method is.

Follow this link below:
Big E already posted these: you can trade without the TDI
Jan 20, 2011
#3044 { click on this }
Honestly on the 5 method you don't really need any indicators because the simple entry rules are so basic and clear cut. If I were to pick two it would be the tdi & stochs.

Then you need to go back to the old thread and start reading from Post#97 to Post#3044, you will see many different charts d from different templates. In total , Big E has 19 different chart templates. When you read and understand the progress from post#97, you will find the original 5-Method ( without the TDI).

<>
When the next candle appears after the set up candle it's either red or green. If it's the same color as the set up candle... I'm usually in the trade.

Bear in mind that if the candles are small I wait to enter until candle #3 or pass on the trade. If they are larger candles I may enter the trade... small candles is a flashing light to wait and see... reversal coming soon in most cases. Trade on the reversal is best.

STUDY OLD CHARTS... for your favorite time frame count the AVERAGE number of candles per swing. Put the odds in your favor. 99% of my trades are between Midnight Pacific time until 10 am Pacific. As far as I'm concerned the rest of the day is a waste of my time to trade.

I have 8 pairs/charts on my screen and with a quick glance I can see the set ups coming and about how many candles away they are. (5 Method).
<>
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,987
  • Sep 3, 2021 9:34pm Sep 3, 2021 9:34pm
Quoting emmanuel7788
Trade Report Aug 01 to 31 2021 - only Daily/Weekly charts long swing trading {image} you can use the Trade Report which Davit has uploaded in his thread. { here } is the link to download.

Any one here wanting to trade the Daily/Weekly charts Long Swing Trading,

you need to do your Weekly Top Down Analysis and have a Big Picture of the pairs you want to trade.

For example, NZDUSD next 20-trading days cycle Sep 06 to Sep 30,

your WTDA and Big Picture include knowing how to identify Weekly Control Candles and use the WCC High-Low as support and resistance too.

see Strat's PASR Long Term, Stress Free Trading thread

https://www.forexfactory.com/thread/...6#post13693916
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,988
  • Edited 10:59pm Sep 3, 2021 10:23pm | Edited 10:59pm
Quoting emmanuel7788
Trade Report Aug 01 to 31 2021 - only Daily/Weekly charts long swing trading {image} you can use the Trade Report which Davit has uploaded in his thread. { here } is the link to download.
Great return
In trading, you have to be defensive and aggressive at the same time
  • #123,989
  • Sep 3, 2021 10:35pm Sep 3, 2021 10:35pm
Quoting emmanuel7788
{quote} Any one here wanting to trade the Daily/Weekly charts Long Swing Trading, you need to do your Weekly Top Down Analysis and have a Big Picture of the pairs you want to trade. For example, NZDUSD next 20-trading days cycle Sep 06 to Sep 30, your WTDA and Big Picture include knowing how to identify Weekly Control Candles and use the WCC High-Low as support and resistance too. see Strat's PASR Long Term, Stress Free Trading thread https://www.forexfactory.com/thread/...6#post13693916
Time to start shooting bear bullet for kiwi
not euphoria follower
  • #123,990
  • Sep 3, 2021 11:45pm Sep 3, 2021 11:45pm
Quoting emmanuel7788
{quote} hey dzimidula good to know about your FTMO funding plan. you got a clear plan and purpose ... this is excellent one of my purpose is to help my family members grow their investments accounts for their grandchildren education. I have now 6 accounts to manage for them. to trade the 4H , it is short swing trading. you can also consider the long swing on Daily / Weekly and trades usually last for several weeks when in trending market type. but when the market start into sideways, the trades will last no longer than two weeks maximum....
LOL
To free Gazans of Hamas, use whatever it takes.
  • #123,991
  • Sep 4, 2021 6:50am Sep 4, 2021 6:50am

hey @Vincent

you can do the same like most people do,

you can use the Trade Explore which forexfactory has uploaded in this forum.
{ https://www.forexfactory.com/tradeexplorer} is the link to start.

Visibility, Money. Stops and Targets, Pending Orders are other parameters to consider too
  • #123,992
  • Sep 4, 2021 8:28am Sep 4, 2021 8:28am
Quoting Tekkies
hey @Vincent you can do the same like most people do, you can use the Trade Explore which forexfactory has uploaded in this forum. { https://www.forexfactory.com/tradeexplorer} is the link to start. Visibility, Money. Stops and Targets, Pending Orders are other parameters to consider too
You already know that a Trade Explorer would be W-A-A-A-A-Y-Y too revealing for Vincent: Look at how many deficiencies were revealed in his previous TEs.
To free Gazans of Hamas, use whatever it takes.
  • #123,993
  • Sep 4, 2021 9:39am Sep 4, 2021 9:39am
Quoting dzimidula
tommydoginti, just wanted to say - great job persevering and succeeding in Big E's method, a jewel in this (unfortunately) pile of crap thread so keep 'em coming! Very inspiring! It is so refreshing to see this after so much crap and misrepresentation, it's really disrespectful to a guy that was a proven successful trader and only wanted to help. For example in another thread that somewhat "builds on" on TMS I saw the OP showed a chart which whipsawed and then "explained" how TMS would've failed there because of taking each signal and whipsawing-...
Hi Dzimidula,

Thanks for your kind words. Just sharing what I am going through.
Before I started practicing and posting here, I evaluated the concept of BigE's Trading Made Simple and found it to be very effective.

I have got a few privilege in kickstarting my trading. As you may have known a bit about me (keep reminding by the trolls here)
For these I feel really blessed along with learning this method...
I'm from the more wealthy part of the world. My full time job relies on my profession than time. My dad is retired, trading and IT professional...

Along the way there are a few mentalities I learn and use. Maybe also useful for others.

1) Keep things simple - Economist Steven D. Luvett in his book "Freakonomics" and "Superfreakonomics" said, best solution is almost always cheapest and simplest with many examples. In my profession (public health / medical), some cancer diagnostics has found a really cheap and simple way to do, hence "cancer risk" is now something accessible for the general public.

2) Be the second to catch a swing- Wait for setups to form. Never predict, react. The TDI signal is a very good indicator as it lags 1 candle. A very good momentum confirmation and does not require any additional confluences. The rest of the confluences should be leading

3) Price action is action of price. - It is not about what candlestick pattern, BRN, or BS crap terms made up by fake gurus. I found 2 approaches effective for now. a) Market Structure, and b) "What moves price" (quote Davit). When apply them to BigE's #647 PA elements, it is expressing a & b in laymen terms: Previous Highs/Low, Rejection, etc.

4) High win rate is possible - That is what I know from my dad in his past years of experience trading. A strategy with good application of 2) and 3). Plus patience. That is possible.

Trade well.
  • #123,994
  • Edited 10:06am Sep 4, 2021 9:48am | Edited 10:06am
Quoting dzimidula
tommydoginti, just wanted to say - great job persevering and succeeding in Big E's method, a jewel in this (unfortunately) pile of crap thread so keep 'em coming! Very inspiring! It is so refreshing to see this after so much crap and misrepresentation, it's really disrespectful to a guy that was a proven successful trader and only wanted to help. For example in another thread that somewhat "builds on" on TMS I saw the OP showed a chart which whipsawed and then "explained" how TMS would've failed there because of taking each signal and whipsawing-...
Keeping things simple can be a way to success (I don't doubt there are ways to succeed by complicating things, but that is not BigE's Trading Made Simple anymore after adding more things).
Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES.

I started consolidating and drilling into a the elements of BigE's Trading Made Simple in the last couple months and the results were great. My trading performance actually improved significantly.

What I use from #1 and #647. Understand #261 and practice #2617
1. TDI green red line
(#647 PA analysis)
2. Previous High/Low
3. Rejection at previous High/Low
4. Trend, long and short term

I analyze chart at H1 or lower as it fits my daily routine and preference. You can do the same at H4 or higher. Please feel free to share.

Finally, some encouragement for you.
But I think after this let's just focus on the trading method and charts.

Trade well

Attached Image
  • #123,995
  • Edited 10:07am Sep 4, 2021 9:56am | Edited 10:07am
Quoting tommydoginti
{quote} Keeping things simple can be a way to success (I don't doubt there are ways to succeed by complicating things, but that is not BigE's Trading Made Simple anymore after adding more things). Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES. I started consolidating and drilling into a the elements of BigE's Trading Made Simple in the last couple months and the results were great. My trading performance actually improved significantly. What I use from #1 and #647. Understand #261 and practice #2617 1. TDI green red line...
I checked my portfolio and calculated P/L myself. The table is not 100% accurate. That indicator should be for rough estimation only.

Attached Image
  • #123,996
  • Sep 4, 2021 10:03am Sep 4, 2021 10:03am
Quoting DrDave
{quote} You already know that a Trade Explorer would be W-A-A-A-A-Y-Y too revealing for Vincent: Look at how many deficiencies were revealed in his previous TEs.
Only have to look at all those charts with trades posted, notice that very few if any show losing trades yet report indicate the opposite.
> Trades placed = 198
> Net P/L = $14495
>> $14495/198 = $73.20 per trade (give or take)
Which mean somewhere a few trades saved his butt els we have would not see any Trade Report what so ever.
----
Link provide leads to a mq4 file. With a little bit MQL4 coding knowledge any person can change the code so that only the best results are reported.
----
Yep, a Trade Explorer can show what really is going on.
----
Something to think about:
Three massive wins and Trade Report show USDCHF had a losing month.
Attached Image (click to enlarge)
Click to Enlarge Name: think.PNG Size: 69 KB


Wonder what the excuse/reasons will be this time for the discrepancies.
  • #123,997
  • Sep 4, 2021 10:18am Sep 4, 2021 10:18am
Quoting Tekkies
{quote} Only have to look at all those charts with trades posted, notice that very few if any show losing trades yet report indicate the opposite. > Trades placed = 198 > Net P/L = $14495 >> $14495/198 = $73.20 per trade (give or take) Which mean somewhere a few trades saved his butt els we have would not see any Trade Report what so ever. ---- Link provide leads to a mq4 file. With a little bit MQL4 coding knowledge any person can change the code so that only the best results are reported. ---- Yep,...
Link provide leads to a mq4 file. With a little bit MQL4 coding knowledge any person can change the code so that only the best results are reported. ----
And of course, it is not a big code challenge to simply use fabricated data to replace the real data to support whatever crazy story that he concocts.
To free Gazans of Hamas, use whatever it takes.
  • #123,998
  • Edited 2:55pm Sep 4, 2021 2:43pm | Edited 2:55pm
Quoting Tekkies
{quote} Only have to look at all those charts with trades posted, notice that very few if any show losing trades yet report indicate the opposite. > Trades placed = 198 > Net P/L = $14495 >> $14495/198 = $73.20 per trade (give or take) Which mean somewhere a few trades saved his butt els we have would not see any Trade Report what so ever. ---- Link provide leads to a mq4 file. With a little bit MQL4 coding knowledge any person can change the code so that only the best results are reported. ---- Yep,...

hey @Tekkies

You are WRONG AGAIN!

You say there are discrepancies in my Trade Report - USDCHF and the trades I posted live in this thread.

Attached Image (click to enlarge)
Click to Enlarge Name: Trade Report Aug 2021 69414089EVO 4-9-2021 8-25-41 am.png Size: 26 KB




Fact: The discrepancies are all in your head.
1) You start talking before your brain engages.
2) You move your hands before you open your eyes.
3) You do not understand what are rollover trades.
4) You are confused with day, date and month in reporting.
5) You have no trading skills evidence is your Trade Explorer.



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,999
  • Sep 4, 2021 3:10pm Sep 4, 2021 3:10pm
Quoting tommydoginti
{quote} Keeping things simple can be a way to success (I don't doubt there are ways to succeed by complicating things, but that is not BigE's Trading Made Simple anymore after adding more things). Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES. I started consolidating and drilling into a the elements of BigE's Trading Made Simple in the last couple months and the results were great. My trading performance actually improved significantly. What I use from #1 and #647. Understand #261 and practice #2617 1. TDI green red line...

Quoting tommydoginti
{quote} I checked my portfolio and calculated P/L myself. The table is not 100% accurate. That indicator should be for rough estimation only. {image}
@tommydogie

which of your two brokers - IG or Rakuten, were those 41 GBPUSD trades ?

are you also using Myfxbook for the second screenshot?

should be easy to verify when you export your MT4 trades details to Excel and compute the win rate , P&L, etc.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,000
  • Sep 4, 2021 3:19pm Sep 4, 2021 3:19pm
Quoting Davit
{quote} Great return

Thanks Davit.

It took time to work on the money management strategy to get going. Even more time to develop the mental fitness to trade this way.

Good trading to you and your pivot trading team.

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