Cut your losses. Cut your losses. Then maybe you have a chance
- #133,103
- Jul 22, 2022 8:33am Jul 22, 2022 8:33am
- | Membership Revoked | Joined Jun 2011 | 9,885 Posts
To free Gazans of Hamas, use whatever it takes.
- #133,104
- Jul 22, 2022 9:29am Jul 22, 2022 9:29am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} 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
If the price pull back when you are in profit, it is up to you to close with some profit. BigE's Trading Made Simple uses Stoploss.
#495
S/L at last HH or LL.
It can be an actual stoploss order placed with the open positions and optionally trail as trades progress, or alerts if you have strategy to do it manually.
- #133,105
- Jul 22, 2022 9:36am Jul 22, 2022 9:36am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} Asian session trades GU sell pull back and then AU buy continuation. Look at where price is compared to previous highs and lows. Then simply follow TDI cross.{image}{image} GU sell {image} price made lower low. Switch to Buy {image}
Choppy price movement but been buying GU last two days. Closing early to end the week. Missed the spike up but always more chance.
- #133,106
- Jul 22, 2022 9:45am Jul 22, 2022 9:45am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} Week 1 done. {image} Choppy price movement but been buying GU last two days. Closing early to end the week. Missed the spike up but always more chance. {image}
#647
- #133,107
- Jul 22, 2022 9:58am Jul 22, 2022 9:58am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} Thanks bro. results for yesterday & today {image}
Once you understand the rules of BigE's Trading Made Simple, it is not surprising to have high accuracy in entering trades with high probability setups.
Your positions will stay in profit zone much more likely than loss, then you can manage the trades on how you want to secure and take profit.
Trade well and have a nice weekend.
- #133,108
- Jul 22, 2022 10:02am Jul 22, 2022 10:02am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} his risk:reward is 100:1 he risk 100 pips just to make 10pips. can you mentally take this high risk? his IMT win rate is this nonsense below: - 98.38% {image}
-94%
- #133,109
- Jul 22, 2022 10:04am Jul 22, 2022 10:04am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} 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
If you don't trade with stoploss or risking more than you expect to take profit, one big move can wipe you out. And such price movement happens a few times a year.
But it is up to you.
Trade Safe.
- #133,110
- Jul 22, 2022 10:21am Jul 22, 2022 10:21am
- | Membership Revoked | Joined Jun 2011 | 9,885 Posts
{quote} Make use of more of the information that is available to you and you can make better decisions. Check the USDJPY H8 TF and it is OBVIOUS that you should have already sold.
Is it obvious now that there was a sell at the open of that blue bar before the latest big yellow bar?
To free Gazans of Hamas, use whatever it takes.
- #133,112
- Jul 22, 2022 11:51am Jul 22, 2022 11:51am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} And we recall your live trading results... -94% {image}
please explain to the people reading this thread why you post so many fake trades here.
looks like you use photoshop- editing to make losing trades to look like winning trades and also cut-and-paste some entries and exits from old charts and post them like winning trades.
we are still waiting for your explanation and also post real-time live market analysis and real-time trades with entry and exits.
You keep posting only winning trades with demo trial accounts.
Examples of your fake trades:
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #133,113
- Jul 22, 2022 11:54am Jul 22, 2022 11:54am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #133,114
- Jul 22, 2022 12:01pm Jul 22, 2022 12:01pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} Actually BigE's Trading Made Simple has stoploss implemented in each trade - Previous H/L If you don't trade with stoploss or risking more than you expect to take profit, one big move can wipe you out. And such price movement happens a few times a year. But it is up to you. Trade Safe. {image}
hey @tommydog aka @FakeTMSTrader
that development project CI500 was done in 2017 and that's many years ago and you still like to post that old TE.
that many losses has nothing to do with not putting hard stop loss. In fact there is stealth mode stop loss in the MT4 VPS and it was not trigger correctly by the TMS expert advisor. The other issue back in 2017 was there was a software routine bug in maximum number of trades per MEME basket and basket count.
All these bugs were resolve.
The win rate was good with TMS MEME with 62.9% positive. The average 10% per month was achieved .
Anyway that was a live forward testing with demo money account ... KEDGE account.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #133,115
- Jul 22, 2022 12:17pm Jul 22, 2022 12:17pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Cad jpy 4 hour strong trend broken{image}return from daily resistance and good price action {image}{image}no more than idea
That indicate the importance of support and resistance behind strong entry and exit of TDI and Ap candle
Cut your losses. Cut your losses. Then maybe you have a chance
- #133,120
- Jul 22, 2022 8:55pm Jul 22, 2022 8:55pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Big movement come most of the time after broken strong support - resistance and trend in long timeframes use this point with your edge it is great
valid pointtechnical traders look at time-based price chart and see support and resistance in all places and timeframes
but what moves the currency market is something full-time traders must know and use that to give them an advantage over technical traders.
when I started out trading currencies in 2000, I followed Kathy Lien and Boris Schössberg at GFT.
being technical traders we think in probabilities... over a large series of trades, we will know what the probability outcome of each type of trade setups we choose to trade. From my personal trade statistics since 2012 till 2020, I know the probability of the 4H and Daily charts' 5bars-swing high/low type reversal on the 4H and Daily has a highest win probability over the other setups like the 3bars PCRF (Phx62). There are also 2 bars reversals like the BUEOB and BEEOB, DBHLC and DBLHC. And there are certainly many CONSOLIDATION breakouts like the Inside Bars, Double Inside Bars and the Master Candles[3].
These are the most common Price Action setups I chose to trade.
The 5 Fundamental Truths of Trading by Mark Douglas
1. Anything can happen.
2. You don’t need to know what is going to happen next to make money.
3. There is a random distribution between wins and losses for any given set of
variables that define an edge.
4. An edge is nothing more than an indication of a higher probability of one thing
happening over another.
5. Every moment in the market is unique.
A recommended book to read and learn about the currency market,
you should get the latest update version and learn what were the market condition during Big E' time 2006 and what it is today 2022.
Be up to dat with current markets conditions and keep up to date going into the post-covid and war time markets. Lots of opportunities to make money not only in forex but in the other markets - stock, futures, bonds,etc.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett