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Trading Made Simple

  • #132,381
  • Jun 24, 2022 1:24am Jun 24, 2022 1:24am
Quoting emmanuel7788
Below is what TMS 5-Methdod traders who work harder and smarter can achieve: Don't give up too easily. Keep on trying. You fall down, you pick yourself up and continue trying. Trading is a marathon not a sprint. If you want to trade a $200,000 account, you can start with $10,000 and grow that to $50,000. From $50,000 then grow that tp $200,000. To grow from $10,000 to $50,000 and then from $50,000 to $200,000 will take you a good 24 to 36 months. Who say this cannot be done! {quote} #557 Klops... (503) I'm not looking for 15 pips profit... more...

Don't give up!

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,382
  • Jun 24, 2022 2:46am Jun 24, 2022 2:46am
Quoting emmanuel7788
{quote} hey @tommydog your temperament and managing emotion as a 2 year old trading newbie is very revealing in all your posts ... rule of thumb to consistent trading is DISCIPLINE not R:R risk management is an integral part of your money management strategy I think your 2 years knowledge on the trading system Drawdown is rather limited in sense. You need to manage the drawdown and the duration of the drawdown, and more important is the recovery of the drawdown and the time taken for the recovery of drawdown. Big E' TMS does not have any recovery...

Good. You are learning to trade.

Don't give up. << a very good advice to youself.

Remember. Trade with discipline.

After you develop a solid risk management strategy, Discipline is essential to ensure execution according to plan.

Some advice for good risk management.

1. Set a max risk per trade R.
2. Develop rules to identify trade setups to win >1R.

As an old man with so-called "years of trading" (losing in first 12 years though), it is a indication of weak mental strength when still making newbie mistakes.

Trade well and good luck!

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  • #132,383
  • Edited 3:48am Jun 24, 2022 3:12am | Edited 3:48am
Quoting tommydoginti
{quote} Good. You are learning to trade. Don't give up. << a very good advice to youself. Remember. Trade with discipline. After you develop a solid risk management strategy, Discipline is essential to ensure execution according to plan. Some advice for good risk management. 1. Set a max risk per trade R. 2. Develop rules to identify trade setups to win >1R. As an old man with so-called "years of trading" (losing in first 12 years though), it is a indication of weak mental strength when still making newbie mistakes. Trade well and good luck! ...
Even though he claimed in that post "I learned [from] my mistake ", when reading his posts after that, he shows that he REPEATS the same mistake rather than learning from it.
To free Gazans of Hamas, use whatever it takes.
  • #132,384
  • Jun 24, 2022 4:40am Jun 24, 2022 4:40am
Quoting Fake'Dr'Dave
{quote} Even though he claimed in that post "I learned [from] my mistake ", when reading his posts after that, he shows that he REPEATS the same mistake rather than learning from it.
LOL. @Fake'Dr'Dave

"I learned my mistake" not 'I learned from my mistake'.

and the mistake was my ____________ in ____________ and ________________ .

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,385
  • Jun 24, 2022 4:43am Jun 24, 2022 4:43am
Quoting tommydoginti
{quote} Good. You are learning to trade. Don't give up. << a very good advice to youself. Remember. Trade with discipline. After you develop a solid risk management strategy, Discipline is essential to ensure execution according to plan. Some advice for good risk management. 1. Set a max risk per trade R. 2. Develop rules to identify trade setups to win >1R. As an old man with so-called "years of trading" (losing in first 12 years though), it is a indication of weak mental strength when still making newbie mistakes. Trade well and good luck! ...

hey @tommydog

another good post today from someone with less that 2 years trading experience.

please tell us more what you have learned in your first two(2) years trading retail spot forex.

we are keen to follow your trading journey here.

Kind of fun when people are losing money but yet that can talk like trading gurus.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,386
  • Jun 24, 2022 5:14am Jun 24, 2022 5:14am
Hey Tommy, good to see that finally Vincent has opened his eyes to recognizing that in your 2 years of trading that you have surpassed all of his efforts in over 30 years of mostly failing.

Quoting emmanuel7788_desparately_awaiting
please tell us more what you have learned in your first two(2) years trading retail spot forex.

we are keen to follow your trading journey here.
He is eagerly waiting for you to post more about what you have learned in the past 2 years so that he can try to make sense of it and possibly put it into practice so that he has at least a possibility of getting out of his FailurePit.
To free Gazans of Hamas, use whatever it takes.
  • #132,387
  • Jun 24, 2022 6:45am Jun 24, 2022 6:45am
Quoting Fake'Dr'DrDave
Hey Tommy, good to see that finally Vincent has opened his eyes to recognizing that in your 2 years of trading that you have surpassed all of his efforts in over 30 years of mostly failing. {quote} He is eagerly waiting for you to post more about what you have learned in the past 2 years so that he can try to make sense of it and possibly put it into practice so that he has at least a possibility of getting out of his FailurePit.

hey Fake'Dr'Dave

what we learn from @tommydog posts here is how he used photoshop editing to make losing trades look like winning trades.

here are some examples:

#How to spot fake trades by @tommydog#

#124,788

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#124,123

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#124,113

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lot more in this thread and other thread in Forex Factory..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,388
  • Jun 24, 2022 6:49am Jun 24, 2022 6:49am
Quoting emmanuel7788
US Markets Jun 24 - pretty strong correction of the Weekly - intraday buys going for BRNs today - get out before the time NY 9:30am, take the money and run ... {image} ...

US Markets Jun 24

- M30 pre-session

- price caught in tight range, Asian high and London Open swing low ...

- going to be nice at New York 9:30am

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,389
  • Jun 24, 2022 7:20am Jun 24, 2022 7:20am
Quoting kenergy1
Hello all, New here. I have been trading the H4 timeframe only. I have noticed that I am mostly winning during asian and especially London session on Tues, Wed, and Thurs. I live in eastern time zone (NY time). I made the mistake of trading Sunday night, also a holiday (Juneteenth) and got wiped with all losses. I know Big E mentioned he didn't trade NY. Any of you all find this to be true or not? just curious. Glad to be here. Currently my goal is to adjust my SL and pair price so I can uniform gains and losses according to pips won/lost. I use...

i just discovered this thread and i'm trying to learn this strategy properly. Is there a list of all indicators updated at 2022?
Nice that you already getting some success when exercising. I notice that your exposure is very high tho. Be careful trading all those pairs, especially all against JPY at the same time. If one of them goes south, most likely all of them will too.
  • #132,390
  • Jun 24, 2022 8:13am Jun 24, 2022 8:13am
Quoting emmanuel7788
{quote} hey Fake'Dr'Dave what we learn from @tommydog posts here is how he used photoshop editing to make losing trades look like winning trades. here are some examples: #How to spot fake trades by @tommydog# #124,788 {image} #124,123 {image} #124,113 {image} lot more in this thread and other thread in Forex Factory..

Hi Emmanual,

With my own account I have been trading BigE's Trading Made Simple method since 2021. To date I have 571 closed trades.

I haven't posted all 571 TMS trades I executed in this thread. Not spoon feeding losing traders like you.

Especially when I have multiple trades shown on the chart but I only want to share the one I posted.

Apologize for not proficient in using desktop MT4 chart. I use Metaeditor for coding, and when trading I use phone.

By the way, your overnight trades did not incur any overnight charge, Demo accounts do not include some trading costs

My first advice to you is trade a real account. I know you have blown multiple accounts... But don't give up, trade live.

Trade well.

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  • #132,391
  • Jun 24, 2022 8:20am Jun 24, 2022 8:20am
Quoting emmanuel7788
{quote} hey @tommydog another good post today from someone with less that 2 years trading experience. please tell us more what you have learned in your first two(2) years trading retail spot forex. we are keen to follow your trading journey here. Kind of fun when people are losing money but yet that can talk like trading gurus.
Good. You can be a good student of BigE's Trading Made Simple

A couple advice from BigE, not me. But I would give the same ones.

#486
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This is my thread and my method... traded the way I've laid it out.

I have respecting BigE's wish since the beginning. So can you and everyone else.

Trade well

=====

Big E is the big deal. {image}


For this I totally agree with him.


The way I practice TMS can be found in the following posts by BigE, No need to add any more craps like gambling EAs and indicators.

1. TDI is heart of the TMS 5-method --- #261, #2617
All trades I share here are signaled by TDI green cross /bounce red

2. I work with time frames and time of day that suits me --- #644, #1170, #4470
I usually trade during work hour because of my privilege at my job which I have a lot of free time. Sometimes at night because it is London/NY market time when volatility is high. I like Lower Time Frame because I prefer quick-in-quick-out.

3. I use simple PA analysis that everyone can learn --- #276, #647
I prefer leading ones which I can anticipate TMS TDI cross/bounce setups to catch the swing in early stage like BigE demonstrated in his charts

4. Aligning with the discussion of this thread during BigE's time, entries are the main focus --- #495
If I have other aspect of trading to share, I would go to other related threads. I hope readers in this thread can receive concise and relative information in respective thread for efficient learning

5. I apply the correct use of TDI Green & Red lines --- #11
#11 has clearly shown that BigE refreshed his chart before viewing the chart. Traders who want to learn and practice the TMS should 1) refresh the chart before analysis, or 2) use a non-repainting TDI Green Red indicator. I chose the later.

6. Absolutely no EA --- #802
Two reasons: 1) To respect the thread rule. 2) If you need to rely on EAs to help you become profitable, i) Your trading skill is so-so at this stage, and ii) you will never learn the discretionary analysis that can further improve your trading skills

7. Most importantly, I participate the forum with respect --- #486


Adding crap EAs does not help improve your trading. Set and forget SLTP you can maximise your odds and profit. Trust your analysis as a TMS trader

#1718
All this extra crap does nothing but confuse other traders and their success rate drops and they can't figure out why...

Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES.
That's what makes it work !
  • #132,392
  • Jun 24, 2022 8:26am Jun 24, 2022 8:26am
Quoting emmanuel7788
{quote} LOL. @Fake'Dr'Dave "I learned my mistake" not 'I learned from my mistake'. and the mistake was my ____________ in ____________ and ________________ . {image} {image}
Another advice to you is do not be a "Holy Grail Seeker"

You have been trading for years and still switching indicators, strategies...

You confessed you face huge DrawDown at least once a year. This is clear you have poor risk management.

You have no consistency in trading.

You learned your mistakes but you then REPEAT them, instead of learning from them

I understand you have mental issue as you confessed.

Here in BigE's Trading Made Simple thread, practice your trading and mental strength by following BigE's TMS rules as they were laid out.
This should improve your OCD symptoms.

Good luck.

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  • #132,393
  • Jun 24, 2022 8:30am Jun 24, 2022 8:30am
Quoting tommydoginti
{quote} Good! I had come to the realization that BigE has all necessary rules laid out in the Trading Made Simple method. It is good for you to know too. There is no point reinventing the wheel and complicate the TMS. After trading TMS for a while the next step would be like #2617, making it even simpler to analyze and execute trades. The reason it is Trading Made Simple because of the functions of each parameter complement to each other #647 Trend: Bias Prev highs and lows: Price levels TDI signals: Timing You know which direction...
Okay back to trading BigE's Trading Made Simple

Follow #647 then TDI greeen cross/bounce red signals.

Remember to have trade management plan in case price goes against you. It is more important to be cautious when trading reversals.

A okay week for me.

Have a great weekend everyone. And green pips

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  • #132,394
  • Jun 24, 2022 8:43am Jun 24, 2022 8:43am
Quoting tommydoginti
{quote} Okay back to trading BigE's Trading Made Simple Follow #647 then TDI greeen cross/bounce red signals. Remember to have trade management plan in case price goes against you. It is more important to be cautious when trading reversals. A okay week for me. Have a great weekend everyone. And green pips {image}
Thought process of TMS setups

#647
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For example, GU this week.
Reason to Buy on 22 and Sell on 23
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Compare with BigE's training chart, #2.
Apply the simple PA and TDI crosses.

Keep it simple.

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  • #132,395
  • Jun 24, 2022 8:57am Jun 24, 2022 8:57am
Quoting tommydoginti
{quote} Another advice to you is do not be a "Holy Grail Seeker" You have been trading for years and still switching indicators, strategies... You confessed you face huge DrawDown at least once a year. This is clear you have poor risk management. You have no consistency in trading. You learned your mistakes but you then REPEAT them, instead of learning from them I understand you have mental issue as you confessed. Here in BigE's Trading Made Simple thread, practice your trading and mental strength by following BigE's TMS rules as they were laid...
Poor old Vincent: The more he posts, the deeper he digs his hole.

I gave him the benefit of the doubt when I inserted "from" into his sentence, thinking that it was likely another of his language errors. But then when he replied that "from" did not belong in his sentence, it exposed that all that came out of his mistake was that he LEARNED his mistake, and gained absolutely nothing from this knowledge that would help in reversing his plunge deeper into his FailurePit.
To free Gazans of Hamas, use whatever it takes.
  • #132,396
  • Edited 9:25am Jun 24, 2022 9:02am | Edited 9:25am
Quoting tommydoginti
{quote} Hi Emmanual, With my own account I have been trading BigE's Trading Made Simple method since 2021. To date I have 571 closed trades. I haven't posted all 571 TMS trades I executed in this thread. Not spoon feeding losing traders like you. Especially when I have multiple trades shown on the chart but I only want to share the one I posted. Apologize for not proficient in using desktop MT4 chart. I use Metaeditor for coding, and when trading I use phone. By the way, your overnight trades did not incur any overnight charge, Demo accounts do...
I have been trading BigE's Trading Made Simple method since 2021. To date I have 571 closed trades.

Awwwww, so sorry, Tommy, but until you have a minimum of 1000 trades and minimum of 3 years of trading experience, you results mean nothing. Well, according to Vincent, anyway. But for the reasonably intelligent people that know a bit about probability and statistics, they know that Vincent's belief is pure nonsense.
To free Gazans of Hamas, use whatever it takes.
  • #132,397
  • Jun 24, 2022 9:03am Jun 24, 2022 9:03am
Quoting emmanuel7788
{quote} US Markets Jun 24 - M30 pre-session - price caught in tight range, Asian high and London Open swing low ... - going to be nice at New York 9:30am {image}

US Markets Jun 24

- very nice NYSE opening

- got my daily average filled

#557 and #7555

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The money I put into my last trading account ($10,000) I don't even think about it. It's like the money you take to Las Vegas. You hope to win but don't often... Your taking money for entertainment and relaxation... So I don't give it a second thought... It's entertainment money as I said... Besides It always grows larger...

I started trading full lots last year... tiring of $1 a pip. Takes the same amount of work... why not get paid for it? Often shooting for $500-$1,000 PER EVENING.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,398
  • Jun 24, 2022 9:06am Jun 24, 2022 9:06am
Quoting Fake'Dr'Dave
{quote} I have been trading BigE's Trading Made Simple method since 2021. To date I have 571 closed trades. Awwwww, so sorry, Tommy, but until you have a minimum of 1000 trades and minimum of 3 years of trading experience, you results mean nothing. Well, according to Vincent, anyway. But for the reasonably intelligent people that know a bit about probability and statistics, they know that Vincent's belief is pure nonsense.

hey Fake'Dr'Dave

how is your DEMO trading ? any improvement so far 2022?

the last time we see you TE was 2020.

- minus 3053 pips

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,399
  • Jun 24, 2022 9:08am Jun 24, 2022 9:08am
Quoting tommydoginti
{quote} Thought process of TMS setups #647 {image} For example, GU this week. Reason to Buy on 22 and Sell on 23 {image} Compare with BigE's training chart, #2. Apply the simple PA and TDI crosses. Keep it simple. {image}{image}
hey @tommydog

do you know Big E said we can trade his 5-Method without the TDI?

Big E : you can trade without the TDI


Jan 20, 2011
#3044
Honestly on the 5 method you don't really need any indicators because the simple entry rules are so basic and clear cut. If I were to pick two it would be the tdi & stochs.

Jan 26, 2011
#3103
I almost always have the tdi & stoch on all my charts regardless of the method being used.

However, it's not necessary on the 5 method for me. It gives people more confidence when they have it on their charts it seems.... and it's a good confirmation to the current PA and possible trade.


Feb 12, 2011
#3418
You can trade the 5 method without the TDI if it's a problem...

PA is HA Candles, PA crosses the yellow line and closes... enter on the next candle if it's the same color. When candles flatten out... exit. Stay in the trade as long as it doesn't cross back over the yellow line and close.

The TDI just gives me a lot more information for making my entries & exits decisions.


May 16, 2011
#2617
2scoops asked me a long time ago what would be the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2 years doing that.... so what does that mean?

It takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for me... why?

Read above...

I can take you to water but I can't make you drink... follow the simple entry & exit rules. Forget other indicators. I went down those roads so you wouldn't have too...

#296 (Nov 4, 2008)
I profit every day by using Stochastics. I hope you will too. It's just part of the puzzle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,400
  • Jun 24, 2022 9:11am Jun 24, 2022 9:11am
Quoting emmanuel7788
{quote} hey @tommydog do you know Big E said we can trade his 5-Method without the TDI? Big E : you can trade without the TDI Jan 20, 2011 #3044 Honestly on the 5 method you don't really need any indicators because the simple entry rules are so basic and clear cut. If I were to pick two it would be the tdi & stochs. Jan 26, 2011 #3103 I almost always have the tdi & stoch on all my charts regardless...
Training chart Post#2

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next we look at the Price Action

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then we cover the TDI and the same Price Action

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do this everyday for the next 1 to 2 years until you master the 5-Method
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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