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Trading Made Simple

  • #127,301
  • Oct 24, 2021 4:34am Oct 24, 2021 4:34am
thanks tekkies and Emmanuel
  • #127,302
  • Oct 24, 2021 4:37am Oct 24, 2021 4:37am
If you study losing traders like Wags or others, You will understand why they lose money in trading forex.
3 Main Reason

1. They don't have Money management. It is a great great problem. ( Traders think they have money management under control but it is not , when they are winning they use risk managed lot size, when they are lose they try to recover the loss with big lot trade- End results is 50% lost of account with in one day and more)

2. Impulsive trading, risking too much in one setup or over trading. ( Because of too much analysis and too much switching Time frame, too much care about fundamentals, too much market study people develop a expectations that they will win, Out of too much hard work they develop anxiety, Because of that anxiety traders trade too much, open impulsive trade. Another reason why traders lost control of their anxiety is taking alcohol and cigarette too much. Your self control will develop when you become little more religious, I believe every religion in the world help human become more patient)

3. Don't have self back tested strategy. ( Back test, Back test and forward test in demo and real account, Without back test you can't develop a strategy and market understanding, some of the Idiots like Davit, they say don't back test don't listen to those. without back test and forward test you can't become a trader.
There is another reason why I called davit a idiot, Davit say don't cut your loss, I disagree, Cut your loss, cut your loss systematically, It is the only way to consistency over long run.
MA provides the market's current direction and strength.
  • #127,303
  • Oct 24, 2021 4:39am Oct 24, 2021 4:39am
Quoting emmanuel7788
{quote} @DrDick your nick given by rb4m { here } You want evidence. Here is evidence you are among the 99% last year. {image}
Hi, Vincent!!!!!

Where is your live running visible TE linked to what you post in this thread?

Scared senseless it will not validate what you post everyday???


Quoting emmanuel7788
{quote} "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)...
Don't worry you have already given the reason for no TE

I didn't expect he would reply you link a TE. Don't expect anything serious from this fake.
  • #127,304
  • Oct 24, 2021 7:55am Oct 24, 2021 7:55am
Quoting emmanuel7788
{quote} @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...
LOL. More of your dodge-and-weave when you have no legitimate reply.

Hanover's list does not constitute evidence to support your claim. But it is part of your smoke-and-mirrors routine to keep the naive off balance and confused.
To free Gazans of Hamas, use whatever it takes.
  • #127,305
  • Oct 24, 2021 10:15am Oct 24, 2021 10:15am
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...
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To free Gazans of Hamas, use whatever it takes.
  • #127,306
  • Oct 24, 2021 10:18am Oct 24, 2021 10:18am
Quoting emmanuel7788
{quote} 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.
I made this same conclusion years ago.
Oh! So you made the conclusion YEARS AGO that YOU were adding all kinds of variables to the 5-method, yet instead of backing up and removing all of the garbage, you kept adding more and more, and continued in the same way right up to the present!
To free Gazans of Hamas, use whatever it takes.
  • #127,307
  • Oct 24, 2021 10:19am Oct 24, 2021 10:19am
Quoting emmanuel7788
{quote} @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...
Attached Image
To free Gazans of Hamas, use whatever it takes.
  • #127,308
  • Oct 24, 2021 10:20am Oct 24, 2021 10:20am
Quoting emmanuel7788
{quote} @DrDick your nick given by rb4m { here } You want evidence. Here is evidence you are among the 99% last year. {image}
Attached Image
To free Gazans of Hamas, use whatever it takes.
  • #127,309
  • Oct 24, 2021 10:20am Oct 24, 2021 10:20am
Quoting emmanuel7788
{quote} that @FakeGuru IMT loser is posting again after another losing week as usual ... {image} LOL. ...
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To free Gazans of Hamas, use whatever it takes.
  • #127,310
  • Oct 24, 2021 10:21am Oct 24, 2021 10:21am
Quoting emmanuel7788
{quote} "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)...
Attached Image
To free Gazans of Hamas, use whatever it takes.
  • #127,311
  • Edited 3:10pm Oct 24, 2021 2:49pm | Edited 3:10pm
Quoting hasib
If you study losing traders like Wags or others, You will understand why they lose money in trading forex. 3 Main Reason 1. They don't have Money management. It is a great great problem. ( Traders think they have money management under control but it is not , when they are winning they use risk managed lot size, when they are lose they try to recover the loss with big lot trade- End results is 50% lost of account with in one day and more) 2. Impulsive trading, risking too much in one setup or over trading. ( Because of too much analysis and too...

Hello Hasib

First of all i would like to say i do not know you and you do not know me, all we see is a profile picture and text written sometimes in anger to previous comments/replys

I have thought a lot over the last few days about our childish bickering which is what the internet can turn people into something that maybe they are not, it can bring out the worst in people

This is not about who is better at trading , the only thing that matters is that any trader can make a good profit, it is not easy and yes you are correct in a lot of what you say such as discipline , cutting losses and also exiting at the correct time.

Also i did let my little account trade run but that was because its such a tiny account that i didnt care, it started off with a £50 deposit and i traded it up to £320 since jan 2021 and i look at it as a bonus if it works out.

Now my point is, many many traders only post winners to make themselves look better than they actually are, i have never done this and also never claimed in any of my over 1000 posts to be an expert, yes i get losses as you well know and so do you, do i think i can make money at this game in the long run, my answer is no atm, and i also believe your answer would be the same

When people start lying to themselves, in the end they start to believe their own lies and in this game that would be fatal

Anyway if you are doing an FTMO challenge i wish you the best of luck with it
  • #127,312
  • Oct 24, 2021 7:07pm Oct 24, 2021 7:07pm
Quoting emmanuel7788
{quote} looking nice and I will come back to this next week with a game plan. {image}

USDCAD Oct25 H4 Tokyo 9am

- game plan this week (Week 43)

- NY Sunday open above the Week 41 WCC Low ... Market Type RANGING until ( ... )

- H4 is in CONSOLIDATION ... big candle and small candle aka Mother Bar/Inside Bar

- next H4 candle is Tokyo 2pm

> if you follow Big E Post#281, you have to wait ...

Attached Image (click to enlarge)
Click to Enlarge Name: UCad Oct25 TOK9am 25-10-2021 8-01-19 am.png Size: 60 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,313
  • Oct 24, 2021 7:20pm Oct 24, 2021 7:20pm
Quoting emmanuel7788
{quote} USDCAD Oct25 H4 Tokyo 9am - game plan this week (Week 43) - NY Sunday open above the Week 41 WCC Low ... Market Type RANGING until ( ... ) - H4 is in CONSOLIDATION ... big candle and small candle aka Mother Bar/Inside Bar - next H4 candle is Tokyo 2pm > if you follow Big E Post#281, you have to wait ... {image}

USDCAD Oct25 M5 trading

- trading M5 is simple too when we follow Big E' 5-Method and his Post#2617 after you have mastered the method.

- it can be easy too if you do your daily practice, practice, practice

> last Friday' Oct22 close a Doji ... looks like a gravestone Doji.

> many trade opportunities around OHLC confluence with previous swing highs/swing low PPA and RN/BRN.

> just watch the day's new highs and the day' new lows as they form,

> there can only be one Day High and One Day Low at the end of today. Every new high will take out the previous high, every new Low will take out the previous Low.

> know the ADR for today.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Oct25 M5 TOK 0910am 25-10-2021 8-10-03 am.png Size: 81 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,314
  • Oct 24, 2021 7:27pm Oct 24, 2021 7:27pm
Quoting emmanuel7788
{quote} USDCAD Oct25 M5 trading - trading M5 is simple too when we follow Big E' 5-Method and his Post#2617 after you have mastered the method. - it can be easy too if you do your daily practice, practice, practice > last Friday' Oct22 close a Doji ... looks like a gravestone Doji. > many trade opportunities around OHLC confluence with previous swing highs/swing low PPA and RN/BRN. > just watch the day's new highs and the day' new lows as they form, > there can only be one...

Know the VOLATILITY of the currency pair you trade:

> https://www.mataf.net/en/forex/tools/volatility

Today is Monday,

and we have BOC Rate Statement this week on Oct 27.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Day volatility of the week 25-10-2021 8-25-13 am.png Size: 15 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,315
  • Edited 7:53pm Oct 24, 2021 7:40pm | Edited 7:53pm
Quoting emmanuel7788
{quote} USDCAD Oct25 H4 Tokyo 9am - game plan this week (Week 43) - NY Sunday open above the Week 41 WCC Low ... Market Type RANGING until ( ... ) - H4 is in CONSOLIDATION ... big candle and small candle aka Mother Bar/Inside Bar - next H4 candle is Tokyo 2pm > if you follow Big E Post#281, you have to wait ... {image}
USDCAD Week 43 Oct 25 to 29

- this is the last trading week of the month

- good to study and compare what the Fibonacci Pivot traders will be looking at

> last week's range was smaller so this week' fibonacci pivots levels are quite tighter and closer together.

> last week we have price saw price tanked at S61 or BRN1.2300 and PA made higher high and higher low ,

> and today open above this week' PP

Attachment g
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,316
  • Oct 24, 2021 7:52pm Oct 24, 2021 7:52pm
UJ Oct25 M30

- if you are the M30 trader

- what do the previous daily candles look like?

- sell high right? but which high? and where would be toDay' high (Do Not guess)?

...
Attached Image (click to enlarge)
Click to Enlarge Name: UJ Oct25 M30 Toky 0948am 25-10-2021 8-48-20 am.png Size: 44 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,317
  • Oct 24, 2021 8:02pm Oct 24, 2021 8:02pm
Quoting Tekkies
{quote} Hi, Vincent!!!!! Where is your live running visible TE linked to what you post in this thread? Scared senseless it will not validate what you post everyday??? {quote} Don't worry you have already given the reason for no TE I didn't expect he would reply you link a TE. Don't expect anything serious from this fake.

@Tekkies

You are as usual acting in rash manner posting this same shit again and again.

You ask for my TE again. Have you forgotten 2018? You removed your TE after 2 months. You lost the challenge in 2018 and still asking for my TE.

Anyway, be patient, very patient, very very patient. Remember what you post in the past here.

Now I take a look at your TE as on Monday Oct 25.

Your DD is 90.9% this month. And you top up your account last week AGAIN.

How much will you top up this week? Maybe we see +300% top up.

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies TE Overview Oct25 25-10-2021 7-24-35 am.png Size: 95 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies TE Trade Report 25-10-2021 7-25-31 am.png Size: 156 KB


>>> stop trading Indices US30 because that will kill your account as it already did this year.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,318
  • Oct 24, 2021 8:15pm Oct 24, 2021 8:15pm
Quoting DrDave
{quote} I made this same conclusion years ago. Oh! So you made the conclusion YEARS AGO that YOU were adding all kinds of variables to the 5-method, yet instead of backing up and removing all of the garbage, you kept adding more and more, and continued in the same way right up to the present!

@DrDick given by rb4m ( here }

Its your poor reading skills and you do not have the trading skills to understand what went on in this thread between 2010 and 2020.
"
BigE died in 2011. @DrDick -- according to your profile you've been a FF member for over 9 years. Yet it was just this past July 2020 that you crawled out of the wordwork to begin harassing @emmanuel7788. Where were you the previous 9 years? What bug crawled up your a-s in July that caused you to take up the cause? I've thought of 3 possibilities -- perhaps you could expand a bit and clarify for your readers here:
1. Your TDA thread failed -- in the end you were the only one posting (to yourself).
2. You got banned from the Trading Made Simple(r) thread and decided to camp out here because there is no OP around to ban you.
3. It took you 9 years to read this thread before realizing you disagreed.
"

Here is Big E' chart template for his 5-Method:
5-Method Post#3018,

1. 5 Method --- (Most simple strategy but works great)

Use Heiken Ashi candles
TDI Indicator set at default
Stochastics set to 8,3,3
5 ema, Shift set to 2 or 3, Typical

When PA crosses 5 ema and closes... that is the set up candle. The entry is on the 2nd candle if it's the same color. Works on all timeframes. I use 5 pip SL on the 5 minute chart. Works great short & long.

But you also need to read these posts:

#3044 Jan 20, 2011

#3103 Jan 26, 2011

#3418 Feb 12, 2011

#2617 May 16, 2011


Have Fun!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,319
  • Oct 25, 2021 12:02am Oct 25, 2021 12:02am
Quoting emmanuel7788
{quote} @Tekkies You are as usual acting in rash manner posting this same shit again and again. You ask for my TE again. Have you forgotten 2018? You removed your TE after 2 months. You lost the challenge in 2018 and still asking for my TE. Anyway, be patient, very patient, very very patient. Remember what you post in the past here. Now I take a look at your TE as on Monday Oct 25. Your DD is 90.9% this month. And you top up your account last week AGAIN. How much will you top up this week? Maybe we see +300% top up. {image} {image} >>> stop trading...
Does not help to flap lips about my Account/TE.
You can only mislead readers for so long with those nice posts filled with mirrors and smoke.

Where is your live running visible TE linked to what you post in this thread everyday?
Scared senseless it will not validate what you post everyday???


Have nice day Vincent.
  • #127,320
  • Oct 25, 2021 12:21am Oct 25, 2021 12:21am
Quoting emmanuel7788
{quote} #TMS_V19 Information EA Hi LukeSkywalk Go to this old post and you will find the links. Post#102,547 https://www.forexfactory.com/thread/...6#post12871196 {image}
Emmanuel, can you please tell me which TDI is used by the TMV and from which folder?
The TDI which I have in Indicators seems not to be useful, because my TdiC1 is always RED disregarding any timeframe used in settings and I don't know why, see picture below. And I don't get any trade from TMV, despite I'm using your settings.
Thank you so much for your knowledge offered in FF!
Attached Image
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