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Trading Made Simple

  • #133,041
  • Jul 20, 2022 7:29am Jul 20, 2022 7:29am
Quoting emmanuel7788
{quote} YES! Try trading 2 to 4 standard lots with an account of USD10,000.... Leverage 100:1 I check for set ups at 10pm Pacific,2am and close all 4 hour trades by 6am Pacific....
Riiight.. The ability to spot high probability trade is the key. After that, just let it run.
I am now trying Eric's original method on a $1,000 demo first to familiarize myself.
0.5 lot per trade, just try to achieve 10 pips per day on a 2 hour chart. Let's see.
  • #133,042
  • Jul 20, 2022 7:48am Jul 20, 2022 7:48am
Quoting jpntrader
{quote} Riiight.. The ability to spot high probability trade is the key. After that, just let it run. I am now trying Eric's original method on a $1,000 demo first to familiarize myself. 0.5 lot per trade, just try to achieve 10 pips per day on a 2 hour chart. Let's see.

good.

Did you read in his old thread Big E also tried Martingale?

He learned it from Craig Harris.

If first trade end up a loss, the next trade he would double the trade lot size.

He did this for 3 trades maximum.

1st Loss
2nd Loss
3rd Winner
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,043
  • Jul 20, 2022 7:54am Jul 20, 2022 7:54am
Quoting emmanuel7788
{quote} good. Did you read in his old thread Big E also tried Martingale? He learned it from Craig Harris. If first trade end up a loss, the next trade he would double the trade lot size. He did this for 3 trades maximum. 1st Loss 2nd Loss 3rd Winner
Haven't seen this, thanks for bringing this up!
It's indeed a good method since most of the time, setup candle usually brings the next candle to the same direction.
So if one trade doesn't end up well, by using martingale the next trade would cover that up.
Although risky as well. We're talking 2 and 3 lots per trade without SL
  • #133,044
  • Jul 20, 2022 8:12am Jul 20, 2022 8:12am
Quoting jpntrader
{quote} Riiight.. The ability to spot high probability trade is the key. After that, just let it run. I am now trying Eric's original method on a $1,000 demo first to familiarize myself. 0.5 lot per trade, just try to achieve 10 pips per day on a 2 hour chart. Let's see.
try to achieve 10 pips per day

Nice to see that you've come to this conclusion that I have posted many times over the last few years.
To free Gazans of Hamas, use whatever it takes.
  • #133,045
  • Jul 20, 2022 8:39am Jul 20, 2022 8:39am
Quoting DrDave
{quote} try to achieve 10 pips per day Nice to see that you've come to this conclusion that I have posted many times over the last few years.
Hi Dave, that was probably a sarcasm but yeah happy to be in the same mindset as you as well!
  • #133,046
  • Jul 20, 2022 8:43am Jul 20, 2022 8:43am
Quoting jpntrader
{quote} Hi Dave, that was probably a sarcasm but yeah happy to be in the same mindset as you as well!
I take 10 pips seriously. In fact, my first post to really make the point was in November, 2011.

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To free Gazans of Hamas, use whatever it takes.
  • #133,047
  • Jul 20, 2022 2:05pm Jul 20, 2022 2:05pm
Quoting tommydoginti
{quote} Hi Khalidhassan, Here is the original post. >Link< Rotunda... Welcome back I'm going to post here the 2 templates I personally use to trade: 1. 5 Method --- (Most simple strategy but works great) Use Heiken Ashi candles TDI Indicator set at default Stochastics set to 8,3,3 5 ema, Shift set to 2 or 3, Typical When PA crosses 5 ema and closes... that is the set up candle. The entry is on the 2nd candle if it's the same color. Works on all timeframes. I use 5...
Thanks bro.
results for yesterday & today
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  • #133,048
  • Jul 20, 2022 2:23pm Jul 20, 2022 2:23pm
Quoting emmanuel7788
{quote} If you want to know what the original 5-Method chart would look like today before Big E added his HA candles and 5EMA, it is like this example below. Big E and I have the same trading coach when we were trading the US Markets in the 1990s. NQ is NASDAQ {image} ...
It would be helpful if you give live example of a trade like the one shown here . What are the roles ?
  • #133,049
  • Jul 20, 2022 5:56pm Jul 20, 2022 5:56pm
Quoting khalidhassan
{quote} It would be helpful if you give live example of a trade like the one shown here . What are the roles ?
Sure!

Here is one for today,

S&P500 Daily broke the WCC High range

Look for low risk trading idea - buy and target BRN 4000 with potential Risk:Reward 1:3 minimum... 3R type trades.

be very careful at Chicago 8:30am which is New York 9:30am.

Attached Image (click to enlarge)
Click to Enlarge Name: SP500 Jul21 Buy 21-7-2022 6-51-08 am.png Size: 26 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,050
  • Jul 20, 2022 6:11pm Jul 20, 2022 6:11pm
Quoting DrDave
{quote} try to achieve 10 pips per day Nice to see that you've come to this conclusion that I have posted many times over the last few years.
you can keep on trying for that 10 pips.

Here we are Trading Made Simple, we want to be like the OP Big E

#557

I'm not looking for 15 pips profit... more like 150 !

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 REMEMBER THE DAYS WRINGING OUT MY HANDS FOR MY $500 ACCOUNT... THE SKIES FALLING ! Help, help, help.

If I enter a trade lets say and I'm monitoring the trade and its up 50 pips but suddenly it pulls back 10-15 pips I just exit. I'll keep the profit at $10 a pip... no big deal. If it turns and continues (bounce) I'll just jump back in... Don't get so rigid...

...

Quoting eelfranz
Klops... (503) I'm not looking for 15 pips profit... more like 150 ! 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 REMEMBER THE DAYS WRINGING OUT MY HANDS FOR MY $500 ACCOUNT... THE SKIES FALLING ! Help, help, help. If I enter a trade lets say and I'm monitoring the trade...
Now to the FAQ :
what if the trade did not move up +50pips and the market suddenly pulls back 10~15pips, what shall you do?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,051
  • Jul 20, 2022 6:22pm Jul 20, 2022 6:22pm
Quoting khalidhassan
{quote} Thanks bro. results for yesterday & today {image}

I LIKE!

that's a lot of trades in two days ... you are a 'trading robot'

+$969 profit ... that's good money in two trading days with a $3000 account deposit. you can grow that account to $10,000 very quickly

most new traders fear super dragon gbpnzd ... if you tame this monster ... you are good

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,052
  • Jul 20, 2022 6:25pm Jul 20, 2022 6:25pm
AUD USD DAILY FROM JANUARY 2022 TILL NOW
10 SETUP 4 LOSSES 6 WINS
WIN RATE 60% AND WINNERS ALL ARE BIGGER THAN LOSSES THAT IS GREAT
LEARNING CHART
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Cut your losses. Cut your losses. Then maybe you have a chance
  • #133,053
  • Jul 20, 2022 6:30pm Jul 20, 2022 6:30pm
Us30 daily from january2022 till now
13 setup 3 losses and 10 winners
win rate 75 % and winners all are bigger than losses
learning chart
Attached Image (click to enlarge)
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Cut your losses. Cut your losses. Then maybe you have a chance
  • #133,054
  • Jul 20, 2022 6:37pm Jul 20, 2022 6:37pm
Gbp usd daily
from jan 2022 till now
8 setups 1 losses and 7 winners
WIN RATE 87%
learning chart
Attached Image (click to enlarge)
Click to Enlarge Name: GBP USD DD.PNG Size: 18 KB
Cut your losses. Cut your losses. Then maybe you have a chance
  • #133,055
  • Jul 20, 2022 8:10pm Jul 20, 2022 8:10pm
Quoting emmanuel7788
{quote} you can keep on trying for that 10 pips. Here we are Trading Made Simple, we want to be like the OP Big E #557 I'm not looking for 15 pips profit... more like 150 ! 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...
what if the trade did not move up +50pips and the market suddenly pulls back 10~15pips, what shall you do?

Exactly what I have in mind when thinking of doing the system the original Big E way.
When trading without SL like Big E usually did, what should be the thought process of managing the trade especially since we're trading full lot
  • #133,056
  • Jul 20, 2022 8:15pm Jul 20, 2022 8:15pm
Quoting Alihelmy123
Gbp usd daily from jan 2022 till now 8 setups 1 losses and 7 winners WIN RATE 87% learning chart{image}
If I am correct, you enter when price crosses EMA + TDI cross at the same time without considering the overall market trend, no?
The vertical line, is that the entry point or is that the setup candle (means you'd entry on the next candle)?
  • #133,057
  • Jul 20, 2022 8:19pm Jul 20, 2022 8:19pm
Quoting Alihelmy123
Gbp usd daily from jan 2022 till now 8 setups 1 losses and 7 winners WIN RATE 87% learning chart{image}

Amazing!!!
  • #133,058
  • Jul 21, 2022 4:02am Jul 21, 2022 4:02am
Quoting emmanuel7788
{quote} Sure! Here is one for today, S&P500 Daily broke the WCC High range Look for low risk trading idea - buy and target BRN 4000 with potential Risk:Reward 1:3 minimum... 3R type trades. be very careful at Chicago 8:30am which is New York 9:30am. {image}
Still couldn't catch you
  • #133,059
  • Jul 21, 2022 4:24am Jul 21, 2022 4:24am
Quoting emmanuel7788
{quote} I LIKE! that's a lot of trades in two days ... you are a 'trading robot' +$969 profit ... that's good money in two trading days with a $3000 account deposit. you can grow that account to $10,000 very quickly most new traders fear super dragon gbpnzd ... if you tame this monster ... you are good {image}
Close all trades for the 2 last days .

enter new trades now
Attached Image (click to enlarge)
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  • #133,060
  • Jul 21, 2022 4:25am Jul 21, 2022 4:25am
this method is super clear & easy
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