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Trading Made Simple

  • #127,281
  • Oct 23, 2021 7:56pm Oct 23, 2021 7:56pm
Quoting emmanuel7788
today I feel lucky and I favour AUD so I buy AU, AJ, AN and sell EA

Quoting emmanuel7788
{quote} All in the money now with trailing stops running .... plus one bonus sell EN...

AU Oct 22 M5 trades closed

- only trade the SYD-TOK morning session.

- rest of day was for running errands and with the freedom to travel farther now, can meet up with other traders 100km away...

- missed the most part of the London open

Attached Image (click to enlarge)
Click to Enlarge Name: AU Oct22 trades closed 23-10-2021 9-44-18 am.png Size: 38 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,282
  • Oct 23, 2021 7:59pm Oct 23, 2021 7:59pm
Quoting emmanuel7788
today I feel lucky and I favour AUD so I buy AU, AJ, AN and sell EA

Quoting emmanuel7788
{quote} All in the money now with trailing stops running .... plus one bonus sell EN...

AJ Oct 22 M5 trades closed.

- learn something from how I trade the M5


Attached Image (click to enlarge)
Click to Enlarge Name: AJ Oct22 trdaes closed 23-10-2021 9-47-51 am.png Size: 33 KB


Attached Image (click to enlarge)
Click to Enlarge Name: AJ Follow prev Day candle and levels 23-10-2021 9-51-31 am.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,283
  • Oct 23, 2021 8:05pm Oct 23, 2021 8:05pm
Quoting emmanuel7788
{quote} {quote} AJ Oct 22 M5 trades closed. - learn something from how I trade the M5 {image} {image}

M5 examples EN Oct 22

- easy if we have a trading bias, have a simple trade bias for direction...

- I follow the Daily candle price action and use its OHLC for 'support & resistance' and levels where I can scalp.

>>> every new M5 high can be the day' high and every new M5 low can be the new day' low , until the highs and lows get taken out the cycle repeats and continues,...

Attached Image (click to enlarge)
Click to Enlarge Name: EN Oct 22 POMO 23-10-2021 10-06-41 am.png Size: 49 KB


>>> you can do the same and you can also use the H4 and H1 candles for Price Action and direction to scalp the M5
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,284
  • Oct 23, 2021 8:19pm Oct 23, 2021 8:19pm
Quoting emmanuel7788
{quote} M5 examples EN Oct 22 - easy if we have a trading bias, have a simple trade bias for direction... - I follow the Daily candle price action and use its OHLC for 'support & resistance' and levels where I can scalp. >>> every new M5 high can be the day' high and every new M5 low can be the new day' low , until the highs and lows get taken out the cycle repeats and continues,... {image} >>> you can do the same and you can also use the H4 and H1 candles for Price Action and direction to scalp the M5

but when the previous Day was a Doji candle, it is challenging to trade therefore you need to be a sniper and take your shots carefully. When you have a miss, you get out and do not give away your sniping position or else your target know where you are.

Quoting emmanuel7788
today I feel lucky and I favour AUD so I buy AU, AJ, AN and sell EA

Quoting emmanuel7788
{quote} All in the money now with trailing stops running .... plus one bonus sell EN...


AN Oct 22 M5 trades closed,

- Doji Daily Oct 21

Attached Image (click to enlarge)
Click to Enlarge Name: AN Oct22 Trades closed 23-10-2021 9-43-18 am.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,285
  • Oct 23, 2021 8:31pm Oct 23, 2021 8:31pm
Quoting emmanuel7788
{quote} but when the previous Day was a Doji candle, it is challenging to trade therefore you need to be a sniper and take your shots carefully. When you have a miss, you get out and do not give away your sniping position or else your target know where you are. {quote} {quote} AN Oct 22 M5 trades closed, - Doji Daily Oct 21 {image}

Example AN Oct21 was a Doji Day candle ...

- just pay more attention to the M5 Price Action when it makes the new highs and new lows, ...

- observe how the price moves at the previous Day' Open, High, Low and Close price levels... the Open and Close is the Doji' small body!

Attached Image (click to enlarge)
Click to Enlarge Name: An Oct 22 M5 review 24-10-2021 9-25-14 am.png Size: 206 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,286
  • Oct 23, 2021 8:40pm Oct 23, 2021 8:40pm
Quoting emmanuel7788
today I feel lucky and I favour AUD so I buy AU, AJ, AN and sell EA

Quoting emmanuel7788
{quote} All in the money now with trailing stops running .... plus one bonus sell EN...

EA Oct 22 M5 trades closed.

- this one has a big Previous Day candle body, you can have lots of target practice

- but if and when you missed, you will become be the target of your enemy' snipers.... you better run and hide!

Attached Image (click to enlarge)
Click to Enlarge Name: EA Oct22 Trades closed 23-10-2021 9-45-31 am.png Size: 36 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EA Oct22 M5 NYClosed review 24-10-2021 9-37-30 am.png Size: 40 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,287
  • Oct 23, 2021 10:21pm Oct 23, 2021 10:21pm
this is really nice!

https://www.onesydneyharbour.com/

I love the drone videos.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,288
  • Oct 23, 2021 11:06pm Oct 23, 2021 11:06pm
I can see some traders are posting lots of variables here, Trust me with more and more variables you will lose money.
Reduce your trade decision making variables,

Focusing on implementing your MM, Remember every time you change time frame you change your over all system and MM plan. I feel sad some of the senior trader here don't understand it and here post their BS every day. TMS become spamming place.

By observing weekly and daily H4, H1, M15, M5. you will still lose money. Actually you will lose more.

Keep it simple use 5 ema only,
You need only one Time frame for entry.
You need another Time frame for understanding of the market context.

Don't read TMS, losing traders are taken over this thread with their many, many variables. Every week you will find new variables, some losers don't want you to be successful.

Focus on- Implementations of MM, Implementations of your back tested system.
It doesn't matter what other people are think or say. You will be making $$ much faster than you think, without 100s of variables.
MA provides the market's current direction and strength.
  • #127,289
  • Oct 23, 2021 11:58pm Oct 23, 2021 11:58pm
Quoting hasib
///Keep it simple use 5 ema only, You need only one Time frame for entry. ///.


like this Big E' chart ...

Attached Image (click to enlarge)
Click to Enlarge Name: Big E M30 chart 5EMA only.png Size: 122 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,290
  • Oct 24, 2021 12:27am Oct 24, 2021 12:27am
Quoting Wags
{quote} everyone knows what I say is the truth I wish you all the best for learning how to trade in the future as you obviously are in need of a lot of help in trading and all aspects of life A good friend of mine is an expert in helping people who have an inferiority complex and deep anger issues , I can put you on to him as long as you haven’t blown all your money on trading again mowaaaahh good luck in the future with a great big profitable smiley face from me, now I’m off to enjoy my money again if your a bit skint I can lend you some I...
There are people in the world who are devoid of a meaningful life. In Hasib's part of the world, regrettably, life is largely a caste system. He could be working 10 hours a day in a textile factory making 10 cents for each shirt he completes. When he gets home, he can be the great trader where everyone is dumb but him. The internet has a way of doing that to people. I am lucky I came up in a world where online personas were not confused with reality.

In his real life, he is beneath the heel of someone, but his online life he can be Hasib the Master Trader. It took some travelling, but I actually feel sorry for the guy. He has not reached a state of manhood that does not worry about his ego. I hope he is very young, and this mindset has not taken root in his real life.

Quoting DrDave
{quote} Do agree that BIG LOL is unasked for and certainly not required Does the LOL gif get a bit annoying? If so, what a pity! Looks like folks will just have to tolerate it it, just like you have to tolerate all of the personal attacks on other members, shiploads of off-topic posts, and daily doses of Photoshopped results.
You made the necessary changes to avoid complications from FF. LOL away!
If you are good at something, never do it for free--Joker
  • #127,291
  • Edited 1:43am Oct 24, 2021 1:19am | Edited 1:43am
Quoting hasib
I can see some traders are posting lots of variables here, Trust me with more and more variables you will lose money. Reduce your trade decision making variables, Focusing on implementing your MM, Remember every time you change time frame you change your over all system and MM plan. I feel sad some of the senior trader here don't understand it and here post their BS every day. TMS become spamming place. By observing weekly and daily H4, H1, M15, M5. you will still lose money. Actually you will lose more. Keep it simple use 5 ema only, You need only...
hasib, you nailed it with that more variables make the decision making more difficult and you will lose money. You can make
all decisions from one timeframe, like BigE.
  • #127,292
  • Oct 24, 2021 1:32am Oct 24, 2021 1:32am
Quoting hasib
//

Don't read TMS, losing traders are taken over this thread with their many, many variables. Every week you will find new variables, some losers don't want you to be successful.
Focus on- Implementations of MM, Implementations of your back tested system. It doesn't matter what other people are think or say. You will be making $$ much faster than you think, without 100s of variables.

I made this same conclusion years ago.
Why did Big E has his 19 templates with all sorts and kinds of 'variables? He had to try them all until his discovered his 'light-bulb' moment.

Too much time is being spent on TDI and Stochastics,
Too little time on Price Action and Support/Resistance.
And no time spend on Money Management, Risk Management for entries and exits, When to Cut-Losses short and How to Let Profits Run.
You need to find your WINNING EDGE and the TDI is not in the winning edge equation.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,293
  • Oct 24, 2021 1:35am Oct 24, 2021 1:35am
Quoting kirinda
{quote} hasib, you nailed it with that more variables make the decimation making more difficult and you will lose money. You can make all decision from one timeframe, like BigE.

99% of TMS traders lost money and will lose money...

hanover said this below:

{ here }

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,294
  • Oct 24, 2021 1:52am Oct 24, 2021 1:52am
Quoting eelfranz
Good Morning all you fabulous traders....
I started trading full lots last year... tiring of $1 a pip. Takes the same amount of work... why not get paid for it?
Often shooting for $500-$1,000 PER EVENING.
iT'S NOT UNCOMMON TO FIND 3-6...
#7555

When you make $500 per evening, it will take you ~44 trading days to buy this beauty,

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,295
  • Oct 24, 2021 2:12am Oct 24, 2021 2:12am
OP Big E admit he is not good on the lower timeframes .....

Quoting eelfranz
I'm not good on the lower time frames... don't want to sit in front of the monitor... I mentally drift away... then WACK I get my keester kicked... my fault.

Since some of you are good on the 15min... give it a try on Demo... just really be alert . Enter your trade... right click it and select Close the trade. A box will pop up... put it on the left side of your chart... if you need to exit fast... just takes one click...

Are you good at trading the lower timeframes like M5?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,296
  • Oct 24, 2021 2:15am Oct 24, 2021 2:15am
Quoting emmanuel7788
{quote} 99% of TMS traders lost money and will lose money... hanover said this below: { here } {image}
99% of TMS traders lost money and will lose money...

Yet more claims with zero facts to back them up, like most of your "facts" that you present. But plenty of suckers will happily swallow your bait.
To free Gazans of Hamas, use whatever it takes.
  • #127,297
  • Oct 24, 2021 2:22am Oct 24, 2021 2:22am
Quoting DrDave
{quote} 99% of TMS traders lost money and will lose money... Yet more claims with zero facts to back them up, like most of your "facts" that you present. But plenty of suckers will happily swallow your bait.
@DrDick your nick given by rb4m { here }

well, you are one among the 99% who lost money and will continue to lose money, you are the fact.

pick one any one on this list by hanover { here }

================


 No proven methodological edge
 Lack of knowledge and experience
 No trading plan
 Failure to accept losses (causes recovery systems, irrecoverable open losses, revenge trading)
 Poor or non-existent risk management (i.e. focusing on return over everything else)
 Making decisions based on P/L rather than market probabilities/behavior (focusing on the money, rather than the process)
 Undercapitalization (causes greed, overtrading, overleveraging) -- [NOTE: according to many br0kers, this is the most common cause of failure]
 Over-reliance on money management (including ideas like same-pair hedges, baskets, grids, averaging down recklessly, martingale variants)
 Complacency: a lack of respect for the market
 Laziness: trying to find a color-by-number shortcut to riches (i.e. make the most money in the shortest time with the least effort)
 Adherence to "$250 to $100,000 in 6 months" type notions
 Adherence to trading myths
 Lack of discipline
 Lack of patience
 Lack of resilience (unable to bounce back after losses)
 Lack of composure/nerve (afraid to "pull the trigger")
 Lack of stamina (quit too quickly)
 Lack of dedication (failure to put in the required number of hours of study)
 Failure to understand the importance of statistical validity, and the nature of statistical fluctuation
 Failure to keep a journal
 Over-reliance on automated systems (EAs)
 Over-reliance on technical analysis (using tools that "don't work")
 Exiting too early (should take higher RR trades)
 Exiting too late (should take lower RR trades)
 Hindsight bias
 Confirmation bias
 Recency bias
Apophenia
 Curve fitting
 Strategies that test profitably, but are not grounded in real market inefficiencies
 Randomness of price movement
 Letting outside noise affect your decision making
 Underestimating the effect of br0ker costs
 Underestimation of the amount of expertise that is required
 An inability to spell the word "lose" (just kidding)

And no doubt there are plenty more, that have slipped my mind.

Everybody has their favorite (and no doubt some folk will say that some of the above are reasons for success, not failure). So take your pick.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,298
  • Oct 24, 2021 2:28am Oct 24, 2021 2:28am
Quoting DrDave
{quote} 99% of TMS traders lost money and will lose money... Yet more claims with zero facts to back them up, like most of your "facts" that you present. But plenty of suckers will happily swallow your bait.

@DrDick your nick given by rb4m { here }


You want evidence. Here is evidence you are among the 99% last year.

Attached Image (click to enlarge)
Click to Enlarge Name: FakeDr GU sell 40 weeks DD 2-1-2021 1-29-14 pm.png Size: 98 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,299
  • Oct 24, 2021 2:32am Oct 24, 2021 2:32am
Quoting Chenzo25
{quote} I can see still the same two losers on here spamming the thread. I avoid FF because of the amount of Turds who claim to be traders and are always complaining about someone else. I've been actually trading crypto for the past year and have moved over my whole portfolio to Bitcoin, Ethereum and Cardano. I can say things are doing well and I don't have to listen to all the teenagers crying about trading. Good Luck and props to you for dealing with all these dumb kids years later
that @FakeGuru IMT loser is posting again after another losing week as usual ...

Attached Image (click to enlarge)
Click to Enlarge Name: DrDave IMT TE 24-10-2021 3-29-53 pm.png Size: 224 KB

LOL.



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,300
  • Oct 24, 2021 3:00am Oct 24, 2021 3:00am
Quoting jmn5611
{quote} Dave, I am interested more in your trading philosophy. What is the core of your trading mind? Not a trick question. I am a good faith actor. I do not play gotcha. Your responses towards me have always been measured. I respect that. There are many ways to make money. {quote} This is naked promotion. If my wife were not also Filipino, I would have suspended you on the spot. Reconsider how you do business.

"Dave, I am interested more in your trading philosophy. What is the core of your trading mind? "

I didn't expect he would reply you. Don't expect anything serious from this fake.

He has been posting here since Oct 2020 and after 9 years in FF { here } .

We have not seen any trading by him in this thread and all his posts are evidence he has a mental problem after he got banned by RobinHood and that stopped him from posting in the TradingMadeSimple(r) thread. He has his personal vendetta here .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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