Trading Made Simple | Page 6568 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #131,341
  • Apr 29, 2022 3:11pm Apr 29, 2022 3:11pm
Quoting Parabellum
Hi! Greetings from Brazil! This is my first post on this forum, I'm getting a little help from google translator so I can be writing to you. I started studying and making my trades at the end of 2018, but I was never able to make money, let alone be consistent for a good part of that time. A year ago, I felt that I already understood the fundamental principles of the market, but I never found a way to correctly apply these principles and be profitable... I already thought about giving up several times in the middle of the journey, but I always persisted...
First of all, it appears that you have no intention of following what BigE presented, because you are posting about indicators that are not part of the 5-method, and if you actually read what BigE posted, you know that he said do not add anything and do not discuss other things.

Now, if you REALLY intend to apply the 5-method, get rid of any indicators that are not listed by BigE as part ofthe 5-method, then read all of the posts of Tommydoginti. Follow Emmanuel7788 at your own risk, because he clearly does NOT follow BigE's 5-method. For example, he uses EAs, but BigE said do not use EAs in this thread or discuss them here and he banned a couple of people for using EAs and adding other indicators. Tommydoginti showed CONSISTENT gains and about 80% win rate in only 2 years, following only the 5-method. Contrast that with Emmanuel778 who has spent 10 YEARS trying to figure out the 5-method, and making all of his changes and additions, and he STILL achieves the BEGINNER'S 65% success rate!! In addition, look at his performance for 2017, 2018, and 2019 and you see how he trashed his accounts every year!! Seriously, is there really any question of who to follow and who to ignore?

Of course, it's your money and your life, so you can do whatever you want with them.
To free Gazans of Hamas, use whatever it takes.
  • #131,342
  • Apr 29, 2022 3:36pm Apr 29, 2022 3:36pm
Quoting sharemaster2
{quote} Hi Parabellum, Welcome and hope you learn a thing or two from this thread and as you have already alluded to about emmanuel7788, he is the one leading and showing lots of examples of how to proceed. I suggest you simply focus on what he says and apply some of your own knowledge you should be fine. Don't get bugged down with all the other petty shenanigans on the side as you would have noticed by now as we do have children on here too. All the best and more green pips to us all.
Hey sharemaster2!
Thank you for your words.
I believe that the search for knowledge can never stop, we can always improve in some way during the process. As said before, this thread has helped me a lot on this path.
All the best for us!
Si vis pacem, para bellum
  • #131,343
  • Apr 29, 2022 3:53pm Apr 29, 2022 3:53pm
Quoting DrDave
{quote} First of all, it appears that you have no intention of following what BigE presented, because you are posting about indicators that are not part of the 5-method, and if you actually read what BigE posted, you know that he said do not add anything and do not discuss other things. Now, if you REALLY intend to apply the 5-method, get rid of any indicators that are not listed by BigE as part ofthe 5-method, then read all of the posts of Tommydoginti. Follow Emmanuel7788 at your own risk, because he clearly does NOT follow BigE's 5-method. For...
Hello, DrDave. How have you been? I hope you're well.
First of all, I appreciate your advice.
As I said in my first post, I trade in a slightly different future market...I don't have all the volatility you might be used to and I had to adapt few things TEMPORARILY because of my risk management. I have to open and close positions on the same day and these adaptations allow me to do that.
I really hope that in the near future, I can hold my positions long enough to follow the 5-Method by the book. In theory, the only thing that changes the method is that I filter the trades a little more before entering them, precisely because they are on 30-minute charts and I need to finish my positions before 6PM.
Thanks again for the advice and mention of Tommydoginti. I will definitely research more about it.
Still, I believe that absolute truth does not exist, and everything can be constantly improved or adapted over time.

I wish you the best.
Si vis pacem, para bellum
  • #131,344
  • Apr 29, 2022 5:15pm Apr 29, 2022 5:15pm
Quoting Fake'Dr'Dave
{quote} First of all, it appears that you have no intention of following what BigE presented, because you are posting about indicators that are not part of the 5-method, and if you actually read what BigE posted, you know that he said do not add anything and do not discuss other things. Now, if you REALLY intend to apply the 5-method, get rid of any indicators that are not listed by BigE as part ofthe 5-method, then read all of the posts of Tommydoginti. Follow Emmanuel7788 at your own risk, because he clearly does NOT follow BigE's 5-method. For...

hey @Fake'Dr'Dave aka @MostToxicFakeGuru

you forgotten this:

Disclaimer

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.

stay tuned for more ... its Fun Factory weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,345
  • Apr 29, 2022 5:27pm Apr 29, 2022 5:27pm
Quoting Fake'Dr'Dave
{quote} So far, it's just a retracement to the H4. But of course, you have no idea how to evaluate all of the surrounding TFs, so have no clue, as usual, about the "proper" TF to focus on.

LOL. @Fake'Dr'Dave

After more than 10 years reading Big E' old thread you are confirmed the newbie trader as Big E said in his old thread.

You have serious problems when you do not read my posts in proper chronological order.

Start all over again with Post#131,319
US Markets Apr 29 at New York open 8am

- going to be great later when NYES 9:30AM M30 candle

- be patient with that 9:30AM m30 candle


I did highlight:

*** remember it is Month-End today ***

then the next Post#131,329
S&P500

- we have the NYSE M30 candle opening range

> now we look for the setups

Now study that chart again and I can help you focus on that line 4310.45.
You can make a guess why that price level 4310.45. You IMT is a failed system and cannot see why this 4310.45

4310.45 was again tested this week Apr28 high, that is WTDA Big Picture historical swing level.

Attached Image (click to enlarge)
Click to Enlarge Name: S&P500 Apr29 NYSE M30 range 29-4-2022 10-00-17 pm(update4310.45).png Size: 67 KB


coming up next!

***Falling Knife ***
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,346
  • Edited 6:15pm Apr 29, 2022 5:46pm | Edited 6:15pm
Quoting Fake'Dr'Dave
What happened, Vincent? You got oddly quiet. Struggling with trying to figure out what to do, again?

hey @Fake'Dr'Dave

You missed me. You sound concern if something happened to me.

Happen that I was busy with my own trading Month-End closing. Also there are members from different telegram groups talking and they were all catching the falling knife US markets.

We all know you needed all the attention in Big E thread to massage your big ego and when your thread TDA with IMT is dead.
If you are still figuring what to do with your failed system thread TDA with IMT, I made this suggestion several times before, just contact FF Admin and have your failed thread sent to the recycle bin { here } If you do this, then your mental condition will improve and you can stop taking the PTSD medication your psychiatrists prescribed you.


When you send your failed system TDA with IMT to the recycle bin, it would free up some forum space.
With one thread less in FF, who knows I may start thread for Trading Made Simple 5-Methods for Newbies_Part 3.

"TMS for Newbies Part 2" has been taken up. { here }

"TMS for Newbies" had been binned. { here }

How many more TMS threads do you want to have?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,347
  • Edited 6:09pm Apr 29, 2022 5:57pm | Edited 6:09pm
Quoting DrDave
{quote} Hey Vincent, you missed the first sell at the break of 33851, right? Because it did not break your M30 bar. That M30 bar break of 33704 was my add-on sell. No surprise that you have no clue ...

LOL. @Fake'Dr'Dave

You are completely lost. You have been lost since July 2011 your first post in Big E' old thread.

We are discussing S&P500 and there is no such price 33851.

here is my S&P500 chart again.

see how I have to wait to the NYSE 8:30AM Chicago time, New York 9:30AM.
Do you need experienced members here to explain when Chicago 8:30am is New York 9:30am? Its okay most newbies make this same mistake not knowing the US of A has many different time zones.

Attached Image (click to enlarge)
Click to Enlarge Name: S&P500 Apr29 NYSE M30 range 29-4-2022 10-00-17 pm.png Size: 59 KB


Knowing the Big Picture ahead at the beginning of this week and that key swing level 4310.45, yesterday was sell the continuation below the M30 High-Low opening range.

Stay tuned for my April Month-End closing results.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,348
  • Apr 29, 2022 6:32pm Apr 29, 2022 6:32pm
Quoting tommydoginti
{quote} Hi Kin78, That is what I think about the power of BigE's Trading Made Simple in hitting high accuracy. EU went in reversal and changed from uptrend to downtrend. But before that price consolidated. Your entry along with the TDI cross entry before that, were at the range low of the consolidation. So even in consolidation the trades would be in profit (as yours in >15pips in profit) In #647, Rejection is a Price Action element. When price retests previous high/low but the rejection is weak, for example, loses momentum and goes sideway, unable...
@tommydog aka @FakeTMSTrader

Apr26 post above was your last post this month.

where are you puppy?

let's have some fun together.

@Fake'Dr'Dave needs you very desperately to massage his ego and also to get him back on track trading with Big E' TMS.

we are all here looking forward to some more of you fake trades charts.

like these below:

Attached Image (click to enlarge)
Click to Enlarge Name: tommydog #124788 fake trades 23-4-2022 8-48-30 pm.png Size: 228 KB

Attached Image (click to enlarge)
Click to Enlarge Name: tommydog #123,855 fake trades 23-4-2022 8-44-40 pm.png Size: 210 KB

Attached Image (click to enlarge)
Click to Enlarge Name: tommydog #124,050 fake trade 23-4-2022 7-59-01 pm.png Size: 111 KB

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,349
  • Apr 30, 2022 10:02am Apr 30, 2022 10:02am
Quoting emmanuel7788
{quote} hey @Fake'Dr'Dave You missed me. You sound concern if something happened to me. Happen that I was busy with my own trading Month-End closing. Also there are members from different telegram groups talking and they were all catching the falling knife US markets. We all know you needed all the attention in Big E thread to massage your big ego and when your thread TDA with IMT is dead. If you are still figuring what to do with your failed system thread TDA with IMT, I made this suggestion several times before, just contact FF Admin and have...
who knows I may start thread for Trading Made Simple 5-Methods for Newbies_Part 3

Thanks for more laughs!!! EVERYONE that has read much of this thread knows that you will NEVER open a thread of your own that is in any way related to the 5-method, because it would be yet another of your huge failures in your miserable life.
To free Gazans of Hamas, use whatever it takes.
  • #131,350
  • Edited 10:25am Apr 30, 2022 10:03am | Edited 10:25am
Quoting emmanuel7788
{quote} hey @Fake'Dr'Dave You missed me. You sound concern if something happened to me. Happen that I was busy with my own trading Month-End closing. Also there are members from different telegram groups talking and they were all catching the falling knife US markets. We all know you needed all the attention in Big E thread to massage your big ego and when your thread TDA with IMT is dead. If you are still figuring what to do with your failed system thread TDA with IMT, I made this suggestion several times before, just contact FF Admin and have...
there are members from different telegram groups talking and they were all catching the falling knife US markets.

HA-HA-HA-HA-HA! ROFL!!

Thanks for weekend laughs!! More of your fantasies--Telegram groups!

I already sent out a challenge for even ONE reader that belonged to a Telegram group to make a post and confirm. Result: NADA, ZILCH, EFFES, ODO, CERO, NICHEVO, ...

As for the falling knife, more laughs!! You saw on the DJIA (US30) chart that I posted that simply checking all of the TFs and determining that the up move was a mere retracement (RALLY) and then going to smaller TFs and looking for continuation sells got me in the trade before there was any idea that any "falling knife" was in progress. I even gave you 3 clues for no charge about what to look for, but I guess that you you were too busy with your fantasy Telegram groups to benefit from my real-time postings.

Catching a "falling knife" is just more hindsight analysis that manages to dazzle many of the naïve.

By the way, I have not traded S&P500 (SPX500) in quite a long time, but I do trade DJIA (US30). And given the extremely high correlation between the two, I decided to respond to your post using the M30 that I already have set up rather than bothering with setting up an SPX500.
So, everything that I posted using the US30 applied to the SPX500. (I know, I know, that is quite a bit above your level of understanding. so maybe one of your "Telegram buddies" will explain it to you this weekend. LOL)
To free Gazans of Hamas, use whatever it takes.
  • #131,351
  • Apr 30, 2022 11:59am Apr 30, 2022 11:59am
Quoting emmanuel7788
{quote} LOL. @Fake'Dr'Dave After more than 10 years reading Big E' old thread you are confirmed the newbie trader as Big E said in his old thread. You have serious problems when you do not read my posts in proper chronological order. Start all over again with Post#131,319 US Markets Apr 29 at New York open 8am - going to be great later when NYES 9:30AM M30 candle - be patient with that 9:30AM m30 candle I did highlight: *** remember it is Month-End today *** then the next...
I can help you focus on that line 4310.45. You can make a guess why that price level 4310.45.
LOL
No need for me to make any guesses about 4310.45: It was already CLEAR that it was essentially of no merit when you posted about the NY open M30 bar range. I know that when I posted about the US30 that it got you TOTALLY confused when you were expecting SPX500, so here, I'll explain to you S-L-O-W-L-Y so that you have at least some small chance of grasping what I present.

On SPX500, the H16 TF was in an up swing, but TFs larger than that were in downswings. That is, we were seeing mere RALLIES to be sold!

As soon as a swing high is identified (a 3-bar swing high is sufficient), simply dropping to smaller TFs and checking the progress of the down move with a bit of looking left is all that is needed to see which TF to focus on (in this case, it was the M1) for making the sell continuation, exactly as I pointed out in this post: Essentially the same for US30 and SPX500.

In this specific case, the RALLIES failed to reach D1 TF, so it became IRRELEVANT, along with its 4310.45 level.
To free Gazans of Hamas, use whatever it takes.
  • #131,352
  • Apr 30, 2022 9:05pm Apr 30, 2022 9:05pm
Quoting Fake'Dr'Dave
{quote} I can help you focus on that line 4310.45. You can make a guess why that price level 4310.45. LOL No need for me to make any guesses about 4310.45: It was already CLEAR that it was essentially of no merit when you posted about the NY open M30 bar range. I know that when I posted about the US30 that it got you TOTALLY confused when you were expecting SPX500, so here, I'll explain to you S-L-O-W-L-Y so that you have at least some small chance of grasping what I present. On SPX500, the H16 TF was in an up swing, but TFs larger than that were...
Attached Image (click to enlarge)
Click to Enlarge Name: FakeDrDave cardiology.png Size: 49 KB


Fake'Dr'Dave replied : "No need for me to make any guesses about 4310.45"

LOL. @Fake'Dr'Dave aka @MostToxicFakeGuru

You just did made your IMT hindsight analysis, and it is perfect after-the-fact type of a failed trader and his IMT multi-timeframe approach.

::::
On SPX500, the H16 TF was in an up swing, but TFs larger than that were in downswings. That is, we were seeing mere RALLIES to be sold!
As soon as a swing high is identified (a 3-bar swing high is sufficient), simply dropping to smaller TFs and checking the progress of the down move with a bit of looking left is all that is needed to see which TF to focus on (in this case, it was the M1) for making the sell continuation, exactly as I pointed out in this post: Essentially the same for US30 and SPX500.
In this specific case, the RALLIES failed to reach D1 TF, so it became IRRELEVANT, along with its 4310.45 level.
::::

In Big E' trading made simple 5-Method, he did not use any H16 TF.
Fact: There is H16 in MT4.
H16 exist in your delusional mind of a psychopath.
Keep It Simple: use MT4' Chart Timeframes for e.g. H1 and H4, and you must learn and visualize the 16-hours duration price action. It is very simple even any 5-year old can show you that 16 x H1 candles will form a 16-hours period. And 4 x H4 candles will form a 16-hours period.
Your IMT has made your trading complicated.
This thread title is Trading Made Simple and the method is Big E' 5-Method.

Stay Tuned! for my Weekend Top Down Analysis and be prepared for May2022 trading, a new trading month.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,353
  • Apr 30, 2022 9:11pm Apr 30, 2022 9:11pm
Quoting Fake'Dr'Dave
{quote} there are members from different telegram groups talking and they were all catching the falling knife US markets. HA-HA-HA-HA-HA! ROFL!! Thanks for weekend laughs!! More of your fantasies--Telegram groups! I already sent out a challenge for even ONE reader that belonged to a Telegram group to make a post and confirm. Result: NADA, ZILCH, EFFES, ODO, CERO, NICHEVO, ... As for the falling knife, more laughs!! You saw on the DJIA (US30) chart that I posted that simply checking all of the TFs and determining that the up move was a mere retracement...
hey @Fake'Dr'Dave

you want to catch a falling knife?

read this novel:
there are some ideas you can apply when you trade your imaginary DJIA (US30) with your cent account US$100 deposit.

Attached Image (click to enlarge)
Click to Enlarge Name: Catch A Falling Knife.png Size: 104 KB

Stay Tuned! for those who trade DOW(US30) with USD10,000 Leverage 1:25 or 1:30.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,354
  • Apr 30, 2022 9:25pm Apr 30, 2022 9:25pm
Quoting DrDave
{quote} who knows I may start thread for Trading Made Simple 5-Methods for Newbies_Part 3 Thanks for more laughs!!! EVERYONE that has read much of this thread knows that you will NEVER open a thread of your own that is in any way related to the 5-method, because it would be yet another of your huge failures in your miserable life.
"Trading Made Simple 5-Methods for Newbies_Part 3 "

hey Fake'Dr'Dave

You are not ready for "Trading Made Simple 5-Methods for Newbies_Part 3 "

According to @Tekkies Post#76,129, The subject / topic's that emmanuel is posting now is advance forex trading after Big E died and he left a void. "Emmanuel filled that void and did it very good"

According to that @Tekkies' post#76,129, you Fake'Dr'Dave is another one of the many who came here "mostly with members that do not know how to trade at all."

To help you fill your void:
You have these two options below:

"TMS for Newbies" >>>> { here }

"TMS for Newbies Part 2" >>>>> { here }

How many more TMS threads people want?

When Fake'Dr'Dave send his failed system TDA with IMT to the recycle bin { here } ,
it would free up some forum space.

With one thread less in FF, who knows I may start thread for Trading Made Simple 5-Methods for Newbies_Part 3.

I may even start another Trading Made Simple 5-Method Advance Forex Trading for Intermediate+ and above.

What is Intermediate+..?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,355
  • Apr 30, 2022 9:27pm Apr 30, 2022 9:27pm
Quoting DrDave
{quote} who knows I may start thread for Trading Made Simple 5-Methods for Newbies_Part 3 Thanks for more laughs!!! EVERYONE that has read much of this thread knows that you will NEVER open a thread of your own that is in any way related to the 5-method, because it would be yet another of your huge failures in your miserable life.
"Trading Made Simple 5-Methods for Newbies_Part 3 "

hey Fake'Dr'Dave

You are not ready for "Trading Made Simple 5-Methods for Newbies_Part 3 "

According to @Tekkies Post#76,129, The subject / topic's that emmanuel is posting now is advance forex trading after Big E died and he left a void. "Emmanuel filled that void and did it very good"

According to that @Tekkies' post#76,129, you Fake'Dr'Dave is another one of the many who came here "mostly with members that do not know how to trade at all."

To help you fill your void:
You have these two options below:

"TMS for Newbies" >>>> { here }

"TMS for Newbies Part 2" >>>>> { here }

How many more TMS threads people want?

When Fake'Dr'Dave send his failed system TDA with IMT to the recycle bin { here } ,
it would free up some forum space.

With one thread less in FF, who knows I may start thread for Trading Made Simple 5-Methods for Newbies_Part 3.

I may even consider and start another Trading Made Simple 5-Method Advance Forex Trading for Intermediate+ and above.

What is intermediate+..?

#3805
Attached Image (click to enlarge)
Click to Enlarge Name: Big E #3805 not for newbies.png Size: 66 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,356
  • Apr 30, 2022 9:47pm Apr 30, 2022 9:47pm
Quoting Fake'Dr'Dave
{quote} there are members from different telegram groups talking and they were all catching the falling knife US markets. HA-HA-HA-HA-HA! ROFL!! Thanks for weekend laughs!! More of your fantasies--Telegram groups! I already sent out a challenge for even ONE reader that belonged to a Telegram group to make a post and confirm. Result: NADA, ZILCH, EFFES, ODO, CERO, NICHEVO, ... As for the falling knife, more laughs!! You saw on the DJIA (US30) chart that I posted that simply checking all of the TFs and determining that the up move was a mere retracement...

hey @Fake'Dr'Dave

after more 10 years of abysmal trading and having spent your last 10 YEARS trying to figure out Big E' 5-Method since your post July 2011, and making all of his changes and additions and jumping from thread to thread in Forex Factory,
and you STILL has not achieve the BEGINNER'S level 65% success rate and Expectancy of 2.8!!

In addition, look at your TE performance for 2016, 2017, 2018, 2019, 2020, and 2021 - six(6) losing years streak and you see how you trashed your accounts every year, year-after-year!! 2022 would be no different.

Seriously, is there really any question of who desperately want to follow successful traders?

do you really want to join a telegram group?

Here, start with X-Man' telegram group. he trade million dollars account and a few clients' accounts too.
>>> { here }

But, I seriously doubt X-Man would be interested to accept you and your USD100.00 cent account.

Anyway Good Luck!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,357
  • Apr 30, 2022 11:29pm Apr 30, 2022 11:29pm
Quoting Parabellum
Hi! Greetings from Brazil! This is my first post on this forum, I'm getting a little help from google translator so I can be writing to you. I started studying and making my trades at the end of 2018, but I was never able to make money, let alone be consistent for a good part of that time. A year ago, I felt that I already understood the fundamental principles of the market, but I never found a way to correctly apply these principles and be profitable... I already thought about giving up several times in the middle of the journey, but I always persisted...

Hallo @Parabellum

Welcome to Big E' Trading Made Simple thread.

Sorry to hear that you lost your job during this pandemic. I know a few friends and traders who lost their jobs too.

I started a discussion thread { here } when the pandemic started in 2020. My intention back then was to help people focus the time in trading the markets while most could still trade at home during the pandemic. Well, after more than 2 years of lockdown after lockdown, we are at the end of the tunnel and can see the daylight emerging. Let hope and pray that man have this nasty virus under control and we can now learn and live with this virus.

I will continue to support this thread and contribute from my past 12 years experience in the development of new trading methods using Big E' 5-Method as the core trading methodology. I have added different Money Management strategies since 2012 to 2021 to make TMS more robust and to be able to generate consistent cash flow income for those who look for supplement income to their full-time jobs.

Big E's 5-Method is simple but requires DISCIPLINE plus a lot of screen time experience in basic price action trading. It is not complicated when you are at an intermediate level trader. How many years does it take to become an intermediate level trader? Look at eelfranz' Big E' profile and his number of years trading trading the US stock market. ... 10years... if that is what he meant by intermediate+.

Your performance report is good and you need to learn from what you have done in the recent months and repeat those winning trades.

Stay Tuned!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,358
  • May 1, 2022 4:38am May 1, 2022 4:38am
Interesting post by pt49 in the "1% to 3% Per Day? All things are Possible" thread:
https://www.forexfactory.com/thread/...4#post13987094

<>
There are about 250 trading days a year in Forex pairs (more if including crypto).

Assuming you trade for a whole year...
1% a day = 250% a year... a well above average figure.
2% a day = 500% a year... extremely successful and highly unlikely.
Anything above 2% on average is nigh on impossible.

Assuming we are compounding as the account rises and reduces each day...
0.5% a day for 5 years is 148% increase.
1% a day for 5 years is just over 1,100% increase.
2% a day for 5 years is over 14,000% increase.

To give an example in real world...
If you bought Bitcoin in early 2017 and held it through all the ups and downs, its' present value would be up about 1,100% on your purchase price.
<>

<>
Bitcoin has traded as low as $2,600 and as high as $69,000 in the last 5 years, and is currently about $40,000.
Who in their right mind would have bought and held Bitcoin for 5 years?
Very, very few.

If you think you can achieve 1% increase a day on average trading, I suggest you do 2 things today.

1... open a live FX account and deposit $500 in it and trade it religiously for 5 years
2... buy $500 worth of Bitcoin and forget about it for 5 years.

Report back here in 5 years with your results... Forex Factory will still be here and so will this post in this thread, although I may not be as I'm now 74 years old.

Oh, and I bought and held onto Bitcoin 5 years ago, and still have it.
I have never managed to trade an FX account continuously for more than 7 months in the last 23 years... and my current FX account is only 2 weeks old, increasing steadily ... you can find it in my Bio by clicking the little kangaroo above left.

<>

How many of you here have the patience to wait 36 months to see some results?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,359
  • May 1, 2022 5:09am May 1, 2022 5:09am
Quoting emmanuel7788
Interesting post by pt49 in the "1% to 3% Per Day?
Heh, you know 2 problems here:
1. They don't know basic math
2. They live in Wonderland

Quote
There are about 250 trading days a year in Forex pairs (more if including crypto). Assuming you trade for a whole year... 1% a day = 250%

And they of course eat, pay bills and f girls only after 365 days done. Yes.

Quote
Anything above 2% on average is nigh on impossible.

haha, okay

Quote
Assuming we are compounding as the account rises and reduces each day... 0.5% a day for 5 years is 148% increase.

Compound when 2 decimals allowed? okay. New ERA of math here. Again

Quote
Bitcoin has traded as low as $2,600 and as high as $69,000 in the last 5 years

And it was 16000$ then 3300$. It was -85%. That guy definitely has iron balls to hold such a DD

Quote
I'm now 74 years old.

Now everything comes to its place. I call them - retired demo dreamers. Always telling stories and fairy tales how they bought 1 of 400 coins on binance, then fall in coma for next 5 years and then sold it with 777777% profit.
Observer effect
  • #131,360
  • Edited 5:39am May 1, 2022 5:29am | Edited 5:39am
Quoting emmanuel7788
{quote} Hallo @Parabellum Welcome to Big E' Trading Made Simple thread. Sorry to hear that you lost your job during this pandemic. I know a few friends and traders who lost their jobs too. I started a discussion thread { here } when the pandemic started in 2020. My intention back then was to help people focus the time in trading the markets while most could still trade at home during the pandemic. Well, after more than 2 years of lockdown after...
Here i will point out, why the BigE method is not complete
1st pix if you entered where the Tdi was crossed, the sl will trigger

  1. Post 161

2nd pix, he was totally wrong, this method require .........?......., if you wanna enter a long you must look for ........?......,

  1. Post 356

Attached Image(s) (click to enlarge)
Click to Enlarge Name: usd-cad2.gif Size: 53 KB
Click to Enlarge Name: gbp-jpy1.gif Size: 54 KB
88 traders viewing now, 1 is registered:
hassan65