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Trading Made Simple

  • #131,881
  • May 22, 2022 6:51pm May 22, 2022 6:51pm
Quoting Fake'Dr'Dave
{quote} read tommydoginti's posts
hey TMS Folks

Now, finally one of the voices in 'Dr'Dave head has the decency to admit that he made ZERO contribution to Big E' TMS and he is still in his deep failure pip after move than 10 years. He wants people to learn from @tommydoginit who started trading in Oct 20200 and is a newbie with less than 2 years trading experience. With less than 2 years trading experience we can learn from many fake trades he posted in this thread.

Some recent examples below:

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stay tuned for more as we read more of his old posts this week
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,882
  • Edited May 23, 2022 2:49am May 22, 2022 6:57pm | Edited May 23, 2022 2:49am
Quoting Fake'Dr'Dave
{quote} Yes, it is! It has been well established that this the thread for daily laughs, not for serious trading discussions. And you witnessed it yourself. ENJOY THE FUN!

hey @Fake'Dr'Dave

you won't be talking to your other voice ever again.

your buddy just got banned from Forex Factory.

you are on very thin ice now.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,883
  • May 22, 2022 7:02pm May 22, 2022 7:02pm
my eyes are on GBP crosses this week and into the next 3 months looking for potential 9R to 12R type of trades

Group#3
GBPAUD
GBPNZD
GBPCAD
GBPCHF

stay tuned for the Big Picture and my TMS EVO2022 trade plan and TMS trade ideas
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,884
  • May 22, 2022 11:53pm May 22, 2022 11:53pm
Short Gbpnzd @1.9430
  • #131,885
  • May 23, 2022 11:53am May 23, 2022 11:53am
For some of you newcomers as well as many that have not bothered to read the entire thread, there are some members that have gotten fixated on the Craig Harris Stochastics Method (CHSM) thread of BigE's from which sprang the Trading Made Simple (TMS) thread. If you think that the TMS thread has recently gone far afield from the topic of the 5-method, rest assured, thread perversion was already an ugly cancer on the CHSM thread way back in July, 2011!!!

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To free Gazans of Hamas, use whatever it takes.
  • #131,886
  • May 23, 2022 11:59am May 23, 2022 11:59am
Quoting emmanuel7788
my eyes are on GBP crosses this week and into the next 3 months looking for potential 9R to 12R type of trades Group#3 GBPAUD GBPNZD GBPCAD GBPCHF stay tuned for the Big Picture and my TMS EVO2022 trade plan and TMS trade ideas
hey emmanuel, i saw on "made simpler" a post of you saying you use ATR for tp, can you explain a little bit how you are using it? what is the setting of ATR on the D1 and H4
thanks
  • #131,887
  • May 23, 2022 1:54pm May 23, 2022 1:54pm
Quoting havenoidea
Short Gbpnzd @1.9430
+20pips bad trade
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  • #131,888
  • May 23, 2022 2:55pm May 23, 2022 2:55pm
Quoting havenoidea
{quote} +20pips bad trade {image}
How did you determine that it was a bad trade???
To free Gazans of Hamas, use whatever it takes.
  • #131,889
  • May 23, 2022 5:06pm May 23, 2022 5:06pm
Quoting DrDave
{quote} How did you determine that it was a bad trade???
it was a whipsawing trade
  • #131,890
  • May 23, 2022 6:34pm May 23, 2022 6:34pm
Quoting havenoidea
{quote} it was a whipsawing trade
its the intraday choppy market

I look at the Weekly and Daily for the next big move, it can happen anytime from this week till end of June

A lot happening in the financial markets as the central banks are taking action as the recession looming.


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..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,891
  • May 23, 2022 6:54pm May 23, 2022 6:54pm
Quoting benjamin89
{quote} hey emmanuel, i saw on "made simpler" a post of you saying you use ATR for tp, can you explain a little bit how you are using it? what is the setting of ATR on the D1 and H4 thanks
hi @benjamin89

here I am talking about TMS MEME EVO2022 money management.

its the same ADR(100) days which is the ATR 100 on the Daily chart.

basically I use a multiple of the ADR(100) for Initial Stop Loss and Take Profit. With the initial SL which is your risk 'R' of the trade, you set the TP as a projection of this 'R' unit.
Let's say, if your trade setup has an initial SL is R and your TP is set as minimum 5R, you will manage all your open trades in basket with its own average entry price.
the most recent example is this post #130,317 and #131,318
The same ADR(100) days and there will no change if you see your trades on a H4 chart because we follow the Daily and Weekly charts price action as in Big E' Method.

The other ATR which we need to know is the Weekly ATR-52 weeks. I simply check the ATR(52) and ATR(104) which is basically the one year and two years average to see if there is big change in the volatility.
I know from Dean Malone' tutorial videos he used a different calculation for the Weekly range and Big E used Dean Malone ADR calculator
Both methods have quite the same results.

I'll try post new trades and you can follow the trade and trade management updates.

Note: you can also use this TMS MEME EVO2022 when you trade RobinHood' TMS(r) medium term swing trades.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,892
  • May 23, 2022 7:11pm May 23, 2022 7:11pm
Quoting Fake'Dr'Dave
For some of you newcomers as well as many that have not bothered to read the entire thread, there are some members that have gotten fixated on the Craig Harris Stochastics Method (CHSM) thread of BigE's from which sprang the Trading Made Simple (TMS) thread. If you think that the TMS thread has recently gone far afield from the topic of the 5-method, rest assured, thread perversion was already an ugly cancer on the CHSM thread way back in July, 2011!!! {image}

hey @Fake'Dr'Dave



Very good you are back to reading Big E' old thread. This is a good re-start of your trading journey after more than 10 years losing money to the market.

Take the final advice in Big E' last post #12,912 :

"So many new traders... Do not think you can trade with us without reading the thread and taking notes. READ & STUDY."

And when you follow this post advice, it will lead you back to where it all started.

And you will come to many good posts with lots of information from the many years of market trading experience of traders like Craig Harris, Dean Malone, Lance Beggs, Raghee Horner, Linda Raske, etc. and of course our very own Eric @eelfranz aka Big E.

A good informational post is this Post#132
<<<<<<<<<<<<<<<<<<<<<<<<>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Good Morning All...

For any of you who has signed up for the free nightly training video by Compassfx or went thru them to get your FXDD Demo account... you would have received an email a couple of days ago letting you know there was a free Craig Harris Webinar last night. It was great as a few members from this forum here would attest to.

Here are some highlights & adjustments:

1. Using S/L of normally 35 pips on his trades.
2. He always targets his Big Numbers for exit targets (00,20,50,80,00)... shooting for 20+ pips per swing.
3. When there is a long run (60-100 pips) the next swing is often small.
4. Once any pair runs it's normal daily range the swings normally become smaller.
5. After the London close the G/U tends to range.
6. Craig trades the 1st three hours of the London session and the next 3 hours after the London close.
7. Most pairs have two long runs per day.
8. Really stressed how important it is to wait for the Tokyo Channel to be 40+ pips before trading any pairs.
9. Retracements start at the London close on G/U.
10. At the London close if Price Action is in the upper or lower quarter of the Tokyo Channel... look for retracements.

Pretty cut and dried... enjoy. Big E
<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,893
  • May 23, 2022 7:22pm May 23, 2022 7:22pm
GBPNZD May24 Tokyo Open 9:20am

- when you missed the previous setups, you wait!

- for medium-term and long-term swing traders, we wait for the Daily and Weekly movements

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>>> remember this picture and know where you are now:

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,894
  • May 23, 2022 7:43pm May 23, 2022 7:43pm
Quoting emmanuel7788
{quote} hi @benjamin89 here I am talking about TMS MEME EVO2022 money management. its the same ADR(100) days which is the ATR 100 on the Daily chart. basically I use a multiple of the ADR(100) for Initial Stop Loss and Take Profit. With the initial SL which is your risk 'R' of the trade, you set the TP as a projection of this 'R' unit. Let's say, if your trade setup has an initial SL is R and your TP is set as minimum 5R, you will manage all your open trades in basket with its own average entry price. the most recent example is this post #130,317...
Did Big E have a lot of success trading with TMS MEME? Did he like it?
  • #131,895
  • Edited 8:22pm May 23, 2022 8:12pm | Edited 8:22pm
Quoting PipThePanda
{quote} Did Big E have a lot of success trading with TMS MEME? Did he like it?
Q&A time:

Q. Did Big E have a lot of success trading with TMS MEME?

A. what is the measure for "a lot of success"?
If he was making profit every day using the Stochastics then he could have continue making money every day. (#296) Right?
But if he wanted to make more profits, then he has his own 21/233 Method with multiple entries ME.

Q. Did he like it?

A. We will never know. But he was open minded to try new things and he was always testing, tweeking, etc. to find to iprovements.https://www.forexfactory.com/thread/...06#post3327406 #202



>>>>> Big E did trade with multiple entries
add-on bonus:
Big E on using multiple entries in the CHS thread
Post#2622 , Post#2629 , Post#2771 , Post#2912 and Post#2193

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,896
  • May 24, 2022 12:37am May 24, 2022 12:37am
Long Nzdusd @6446
  • #131,897
  • May 24, 2022 1:14pm May 24, 2022 1:14pm
Quoting havenoidea
Long Nzdusd @6446
+8Pips
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  • #131,898
  • May 24, 2022 7:16pm May 24, 2022 7:16pm
Quoting tommydoginti
{quote} Stretch goal. First 5 swings of a trend is best to trade safely. Just let run {image}{image}

Garnish on top.

Price stalled after rejection at range low (previous L). Moved TP to next range up instead of prev H / expected HH. The probability of price making HH or equal high then range, is much higher than straight up reversal.

#647 Highs and Lows + Trend
TDI cross up entry upon candle close

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  • #131,899
  • May 24, 2022 7:27pm May 24, 2022 7:27pm
US Markets May25 Tokyo Open

- pretty much sideways , but the longer term is still bearish

- we have the US long weekend ahead and Monday May30 is holiday

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,900
  • May 24, 2022 7:29pm May 24, 2022 7:29pm
Quoting emmanuel7788
my eyes are on GBP crosses this week and into the next 3 months looking for potential 9R to 12R type of trades Group#3 GBPAUD GBPNZD GBPCAD GBPCHF stay tuned for the Big Picture and my TMS EVO2022 trade plan and TMS trade ideas

Group#3 GBPAUD GBPNZD GBPCAD GBPCHF

GBP crosses May25

> Now waiting for the best setup to take a swing trade into June 2022
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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