Trading Made Simple

Quoting tommydoginti

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{quote} Trading is “boring” because once you get hold to a consistent trading method you just trade consistently the same thing. whether it is a “job” or not depends on your reason of trading. IMO the best approach would be trading as a game and profit as a bonus, and your current living standard does not need trading profit to support, ie it is a (kill time) hobby. I have my job paying me well. My dad as retired IT profession worked in university enjoys pension as of the “old system” (uni & gov employees). If you are making money, just find ways...

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Quoting emmanuel7788

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{quote} "...trading is a boring job, made money but not really happy...." hey @havenoidea If you find trading a boring job, then you have no idea that a heart surgeon feels the same about his job. He does the same work everyday to help people and give people a longer quality life. When you have your Ten Tasks of Trading and you follow that every day when you are trading, it may be boring because trading is a repetitive skill based activity. Top 10 Tasks of Trading { here }...

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Quoting emmanuel7788

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{quote} 'sneek peek' June 10 after New York Closed 5pm EST, 810 trades closed {image} {image}

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Quoting havenoidea

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{quote} i need enjoyable life beside trading life. thanks

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Quoting havenoidea

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{quote} The Task of Being Out of the Market, the most important part of the model until last-taking care of yourself when you are out of the market. i need to take care of myself for sure. i was run away from personal problems by over trading, and also not treating myself for over a long periods. thanks

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Quoting tommydoginti

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{quote} My 2 cents when trading BigE’s Trading Made Simple. Classic “tips” - only invest money you can afford to lose all - RISK (drawdown) as first thing to consider when trading Then when executing TMS trades, I do a few things as shared previously. Thanks to technology - Trade with Phone: free yourself geographically - Use simple PA (#647): Minimal effort in charting - TDI trade signals: Minimise charting, substitute complicated price analysis with simple one Lastly as along the way - Crank up capital (own money/ prop firm): peace of mind and...

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Quoting havenoidea

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usdcad is look ok 4 long @1.2809

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Quoting Alihelmy123

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GBPJPY DAILY {image}{image}

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Quoting LifesAbeach

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Hi, I've got a question regarding "every trader needs to have an edge". Does drawing Support and Resistance levels a certain way constitute having an edge? I have backtested TMS with 13 years of data using Forex Tester and it produced an average yearly return of 64% for the 13 years. I draw my support and resistance levels in a way that I have not seen in any book or on any website. I also use my support and resistance levels to determine a place to put in my SL. My understanding is that having an edge means recognizing some sort of behavior pattern...

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Quoting emmanuel7788

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{quote} {extracted from Mark Douglas' book Trading in the Zone} What Are the Objectives? Ultimately, of course, making money is everyone's objective. But if trading were only a matter of making money, reading this book wouldn't be necessary. Putting on a winning trade or even a series of winning trades requires absolutely no skill. On the other hand, creating consistent results and being able to keep what we've created does require skill. Making money consistently is a by-product of acquiring and mastering certain mental skills. The degree to which...

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Quoting Alihelmy123

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Usdcad + 180 pips From friday {image}tdi slope Any trade i take must determine support and resistance in montly weekly daily and the channel that price move in And check the close to the high or low of last candle and tdi determine entry and exit it is very simple

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Quoting Alihelmy123

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{quote} Tms is successful strategy for any trader know trading basics But experienced trader don't take all setups in any strategy they take only A + set up So they want to take trades only aroud strong resistance or support it didn't make me win 100% of trades but if the strategy win rate is 60% for long run you will be 70% win rate for long run any one will take loss streak three or four losses in row And the way you deal with losses determine winner trader from losser

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Quoting tommydoginti

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{quote} check the close to the high or low of last candle and tdi determine entry and exit it is very simple BigE's Trading Made Simple is very simple. Traders who can trade TMS as laid out by BigE would understand the simplicity of trading. Price Action #647 and TDI as trade signals {image}

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Quoting tommydoginti

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{quote} ...aroud strong resistance or support That is #647 Previous high or low Also look at the candles on the last reversal... Big, little, what... strength of the S/R.

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Quoting Alihelmy123

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{quote} Great strategy from great man BigE

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