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Trading Made Simple

  • #127,701
  • Oct 31, 2021 2:46am Oct 31, 2021 2:46am
Quoting Tekkies
{quote} Have you read this? #301 Most new traders are terrified to think about trading 4hr & Daily charts. I know I was many years ago... but I didn't have a plan on how to successfully attack it either. We are bring that info to our readers.. Stop trading lower time frames if you really want to make money. When I finally got sick and tired of making $1 a pip I switched to 4hr charts and trading full lots. I've spent a lot of money and thousands of hours studying and it was about time I got paid for it... and I do using our method. What is a full...

@Tekkies

LOL !!

Did your all read the the posts before #301?

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and FUN' post #292
it mentioned Divergence ... not divergence

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,702
  • Oct 31, 2021 2:48am Oct 31, 2021 2:48am
Quoting 808
{quote} I’m definitely not jumping into the drama here, but am only responding to this post, because it coincides with some of my thoughts I have been having about Big E’s method over the last couple days.
Reading the last 5 hours posts and the replies to your post, you started another round comedy in this thread by the same actors.
But we can have some serious trading discussions but never with these same actors.

No surprises!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,703
  • Oct 31, 2021 2:50am Oct 31, 2021 2:50am
Quoting 808
{quote} I believe Emmanuel is referring to the $10,000 account that Big E himself referred to as his little “Las Vegas” gambling stash, which he considered to be his disposable “entertainment funds”. Supposedly, if he lost it, it would not be the end of his world. Furthermore, Em is trying to imply that with that account size, you can make $500-$1,500 a night (10 p.m.-6 a.m. PST, like Big E did). …

Actually your mean these Big E’ posts - #557 and #7555.

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and

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,704
  • Oct 31, 2021 2:51am Oct 31, 2021 2:51am
Quoting 808
{quote} That brings me back to the thoughts I was having about the volatility of the currency markets (most markets, actually), back in the 2008-2011 time-frame that Big E operated in. Trading solid reversals, that ran 100+ pips non-stop like a freight train during that period, were much more probable than they are today. …

Agree. For those same 8 pairs Big E traded between 2005 and 2011. Today’ market conditions are different. We simply need to adapt our trading to keep up with the changing market conditions.

That would be consistent with Big E’ Post#296.

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,705
  • Oct 31, 2021 2:55am Oct 31, 2021 2:55am
Quoting 808
{quote} This brings me to the conclusion that while this methodology can still be used today, people need to be a little more discerning with their expectations while using it. NOBODY should be recommending, or incessantly repeating, that there is a realistic probability of making a daily return of 5-15% on your account size. Can people do that in a day? Sure! Can they do it 5 days a week, 52 weeks a year? Hell no! Most people can’t mentally handle those %/$ swings in equity without whip-sawing between greed and fear. …

Same conclusion I made and I have been trading the same 5-Method since 2012.
Big E’ 5-Method is still the same he left us with – today, tomorrow and the many years to come. You can trade his 5-Method without the TDI,

Said the same man who started this thread.
#3044 Jan 20, 2011
#3103 Jan 26, 2011
#3418 Feb 12, 2011
#2617 May 16, 2011
#296 Nov 4, 2008
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,706
  • Oct 31, 2021 2:56am Oct 31, 2021 2:56am
Quoting 808
{quote} My advice for most everyone (not just newbies), is to risk .5%, but no more than 1% of your account on any one trade, if you are serious about trading. Try the extreme leveraging on a simulator, and see how long it takes to go bust. There aren’t many Market Wizards running around in this forum…

Good advice..> “no more than 1% of your account on any one trade,” for serious traders.

But, may I ask:
Who are Market Wizards?
Do you mean those in Jack Schwager’s books?
https://en.wikipedia.org/wiki/Jack_D._Schwager
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,707
  • Oct 31, 2021 2:57am Oct 31, 2021 2:57am
Sunday Oct31 reply to PM

same FAQs

<>
I follow a lot of your post on trading made simple ..........
Is there any books you recommend on the subject and or a list of all candle patterns??
<>

I have mentioned several times that new traders should not get overwhelmed by the Price Action stuff and to keep things simple. LESS is MORE!

I look at only a few price bars patterns which are commonly seen on our TMS charts and also in the OP' training charts. I zoomed into all 304 charts he posted in FF. I study every chart and zoom into the price bar and the HA candles to learn his trade setups.

>>> For trade setup when BOTH the Stoch %K crossed %D and TDI RSI green line to show the price MOMENTUM, I will only look at these price bar patterns

Post#647 big candle small candles
1) Engulfing bars/candlestick BEEB/BUEB
2) Outside bars/candlestick BEOB/BUOB
3) DoubleBarsHighLowerClose and DoubeBarsLowHigherClose DBHLC / DBLHC
4) Inside Bar, Double Inside Bar IB,DIB
5) Wide Range Bar WRB / MasterCandle MC[3]

There are a lot others with all different names and I don't use them in my trading.

The two forums in FF I learn from are these:

1) james16 Chart Thread
https://www.forexfactory.com/thread/...6-chart-thread

2) Strat's Long Term Stress Free Trading
https://www.forexfactory.com/thread/...s-free-trading

There are many books and websites and these usually are overwhelming for new traders with some twenty to hundred of patterns and names.
A website with good illustrations and how to trade example is link below. I posted this years ago.
https://priceactiontracker.com/price...atterns/dblhc/

If you have further questions when you see trade setups and want to learn more, the best thing to do is post a chart when market is open and I will explain what I do when I am looking for trades and how I would place my entries. I don't reply to PMs during market open trading hours because I am busy with my own trading and also busy with a few members with their own telegram chat groups.

Have a good one!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,708
  • Oct 31, 2021 2:59am Oct 31, 2021 2:59am
Quoting Tekkies
{quote} Looking at the above one can make the assumption that brokers are paying Vincent a hefty $$$$ to post this type of nonsense: - You need to find your WINNING EDGE and the TDI is not in the winning edge equation
hey @Tekkies

Post#1, did FXDD pay Big E? How much money to promote this brokerage?

…
Tekkies spends too much on his TDI and Stochastics, now on his M15 & H1 V-lines gimmicks.

Tekkies did not spend enough time on Post#647 to learn Price Action, Support & Resistance and Market Consolidation.

Tekkies should spend more time on Money Management, Risk management for entries and exits.

Tekkies should learn to reduce his large number of BE trades, and How to Let Profits Run.

Tekkies will one day learn Post#2617 and he will realize that he can strip the TDI and Stochastics from his trading charts and he would then realize that taking trades would be a breeze and that the TDI is not in his WINNING EDGE equation.

and better understand these:

The 5 Fundamental Truths of Trading by Mark Douglas

1. Anything can happen.

2. You don’t need to know what is going to happen next to make money.

3. There is a random distribution between wins and losses for any given set of
variables that define an edge.

4. An edge is nothing more than an indication of a higher probability of one thing
happening over another.

5. Every moment in the market is unique.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,709
  • Oct 31, 2021 3:01am Oct 31, 2021 3:01am
Quoting TampaDave
I was reading "Indicators for the Trading Made Simple system" from over in the Similar Threads section, a discussion about the TDI lines not moving while a candle is being built. I checked mine by refreshing the chart and found my lines were indeed only moving after a refresh/new candle start. Probably discussed here but I've been moving around this thread so much I'm not sure where/if talked about. Someone posting a fix by which you changed a line in the code...it was explained well and very easy but did not fix the problem for me, even after a...

you have the option using plamendp' version

and whether your want to see the 'last bar' refresh or static.

https://www.forexfactory.com/thread/...76#post4657976

latest version in that thread Post#1

https://www.forexfactory.com/thread/...-simple-system
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,710
  • Oct 31, 2021 3:03am Oct 31, 2021 3:03am
Quoting 808
{quote} That’s nice. So you are saying that your Market Wizard acquaintance can do what Emmanuel preaches here, making $500-$1,500 a night with a $10,000 account? Let’s assume that he accomplishes the low end of that range. $500. With roughly 20 trading days in a month, he would be literally doubling his account every month. Now, without withdrawing any of those funds, he would double his account 12 times in one year (making $500 a day, for every $10,000 that he had in the account). Doing the quick math in my head, that is somewhere between $20...
I did not preach $500 to $1500 a night.

It is Big E' Post#7555 .... $500 to $1000 per evening

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and today if he is still trading and his broker FXDD Leverage is 25:1 following US laws


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,711
  • Oct 31, 2021 3:05am Oct 31, 2021 3:05am
Quoting Tekkies
{quote} Have you read this? #301 Most new traders are terrified to think about trading 4hr & Daily charts. I know I was many years ago... but I didn't have a plan on how to successfully attack it either. We are bring that info to our readers.. Stop trading lower time frames if you really want to make money. When I finally got sick and tired of making $1 a pip I switched to 4hr charts and trading full lots. I've spent a lot of money and thousands of hours studying and it was about time I got paid for it... and I do using our method. What is a full...

@Tekkies

starting next week, Monday November 01.... its a new Month, New week,

Post your one minute chart at London Open*** and New York Open 8:00am and New Your 9:30am

*** Today is Daylight Saving Time shift in Europe and the UK.

Meantime, you need to top up your account which already in 92% drawdown end Oct 2021.

Otherwise you do not have the margin to take the big moves next weeks.

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,712
  • Oct 31, 2021 3:13am Oct 31, 2021 3:13am
Quoting TampaDave
I was reading "Indicators for the Trading Made Simple system" from over in the Similar Threads section, a discussion about the TDI lines not moving while a candle is being built. I checked mine by refreshing the chart and found my lines were indeed only moving after a refresh/new candle start. Probably discussed here but I've been moving around this thread so much I'm not sure where/if talked about. Someone posting a fix by which you changed a line in the code...it was explained well and very easy but did not fix the problem for me, even after a...
Engulfing candles are 'big candles' : > { here }
taken from above link:

these candles will show price MOMENTUM with both the Stoch (8,3,3) %K / %D and RSI (13)/MA(2) green price line slope > 4.0.


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these candles will show price MOMENTUM with both the Stoch (8,3,3) %K / %D and RSI (13)/MA(2) green price line slope > 4.0

what criteria to pick a 5-Method "best trade setup" is the slope of both the Stoch %K line slope and RSI/MA green price lines

Value 4.0 is a default many traders use.

read and study plamendp post in this thread { here }


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,713
  • Oct 31, 2021 3:31am Oct 31, 2021 3:31am
Had read somewhere this: But we can have some serious trading discussions but never with these same actors.

Does Vincent know the meaning of three little words "serious trading discussions"?

12 post by the "star" of the comedy show (Vincent) show that he has heard or read those words in the distance past and real meaning is still eluding him today.

Wake up Vincent, your post's are not related to "serious trading discussions".
  • #127,714
  • Edited 3:43am Oct 31, 2021 3:32am | Edited 3:43am
Quoting Tekkies
Had read somewhere this: But we can have some serious trading discussions but never with these same actors. Does Vincent know the meaning of three little words "serious trading discussions"? 12 post by the "star" of the comedy show (Vincent) show that he has heard or read those words in the distance past and really meaning is still eluding him today. Wake up Vincent, your post's are not related to "serious trading discussions".

and your Ignore button still not working.

{ here } and { here } and { here } and { here } and { here }

you ONLY need to press that Ignore ONCE ...

It is your Mental button which you need to press harder.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,715
  • Oct 31, 2021 3:42am Oct 31, 2021 3:42am
Other post and counting > 12 + 1 = 13
  • #127,716
  • Oct 31, 2021 3:54am Oct 31, 2021 3:54am
Quoting Tekkies
Had read somewhere this: But we can have some serious trading discussions but never with these same actors. Does Vincent know the meaning of three little words "serious trading discussions"? 12 post by the "star" of the comedy show (Vincent) show that he has heard or read those words in the distance past and real meaning is still eluding him today. Wake up Vincent, your post's are not related to "serious trading discussions".

hey @Tekkies

this is 'serious trading discussion' advice for you.

1) Stop trading next week. Think of a recovery plan.

2) Please be patient and in the meantime go and ask your 'wife' for more money and make a 900% top-up your ZAR trading account.

3) Top up about 900% to bring your account to a healthy margin to trade 5-lots US30 and GER30 again.

4) Do your margin requirement for 5-lots and 50-lots based on your ZAR account Leverage 100:1.

5) To trade 50-lots, you need more money in your account.

6) Always keep a free-margin for those instances where you hit home-run trades when there is potential breakout and you can hit 9R to 15R trades. These trades are important every trading cycle and will bring your daily average to USD500 per day.

7) Listen to OP Post#1 return to Demo trading.

8) read Post#281.


...

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,717
  • Oct 31, 2021 4:03am Oct 31, 2021 4:03am
Quoting Tekkies
Other post and counting > 12 + 1 = 13

@Tekkies

Very good start counting:

I will post setups just to help you along how to trade US30 at London Open

Example last Friday' Oct29 London Open

> learn to spot the M1 swing low within the M5 candles period

> that is my m2m3m5 setup

> and a m1m3m5 setup follow through

>>> two setups when London Open and small stop loss and huge R:R profit.

>>>>> Now, do you know the half-candle rule?


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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,718
  • Oct 31, 2021 4:04am Oct 31, 2021 4:04am
Quoting emmanuel7788
{quote} @Tekkies LOL !! Did your all read the the posts before #301? {image} and FUN' post #292 it mentioned Divergence ... not divergence {image} ...
Attached Image
To free Gazans of Hamas, use whatever it takes.
  • #127,719
  • Oct 31, 2021 4:13am Oct 31, 2021 4:13am
Quoting emmanuel7788
{quote} Reading the last 5 hours posts and the replies to your post, you started another round comedy in this thread by the same actors. But we can have some serious trading discussions but never with these same actors. No surprises!
we can have some serious trading discussions but never with these same actors. No surprises!

It would be GREAT to have serious trading discussions in this forum about the 5-method without all of the off-topic material that folks like you bombard the thread with!!
Stop to think, for a change, about what the reaction is to your off-topic posts and then formulate an action plan that will result in fewer non-serious replies, and then actually IMPLEMENT the action plan.

But alas, when these same actors, as such as you, continue with your off-topic posts, there cannot be serious trading discussions about the 5-method here: No surprises!
To free Gazans of Hamas, use whatever it takes.
  • #127,720
  • Oct 31, 2021 4:17am Oct 31, 2021 4:17am
Quoting emmanuel7788
{quote} Reading the last 5 hours posts and the replies to your post, you started another round comedy in this thread by the same actors. But we can have some serious trading discussions but never with these same actors. No surprises!
That is not quite right. YOU started the comedy rounds a LONG TIME AGO with your off-topic posts, especially the ones that are out right lies. The comedy just continues on and on with a break now and then for some posts about trading, and even fewer posts about the 5-method.
To free Gazans of Hamas, use whatever it takes.
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Judie