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Trading Made Simple

  • #133,341
  • Aug 2, 2022 9:29am Aug 2, 2022 9:29am
US Markets Aug 02

- cautious now, maybe due for small correction


US30 DOW

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S&P500

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Click to Enlarge Name: S&P500 Aug02 NY10am 2-8-2022 10-25-42 pm.png Size: 25 KB


NASDAQ

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Click to Enlarge Name: NASDAQ Aug 02 NY10am 2-8-2022 10-26-14 pm.png Size: 26 KB


I am done for my 20-trading-day-cycle ... 10% in 5 days
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,342
  • Aug 2, 2022 10:03am Aug 2, 2022 10:03am
Quoting tommydoginti
{quote} Hi Monty13, I am also working full time and occasionally on customer sites. I trade with phone using MT4 and TradingView apps. My suggestion is to use alert system that notify you only with the TDI signals you would trade after analyzing the chart with Price Action as of BigE's #647 As a simple example, in an uptrend, TDI green cross red UP would be considered to buy. The down crosses are not considered. An effective alert system should give you signals you need, not everything. This is a waste of time. TDI is a tool with equations known...

  1. emmanuel7788 And tommydoginti. Thank you Both for helping and sharing your knowledge and your experience with us The Newbies to this TMS system.

I'm trying to practice this TMS mythology on a demo account. Your helps are much appreciated.
. Thank you

  • #133,343
  • Aug 2, 2022 10:42am Aug 2, 2022 10:42am
Quoting Monty13
{quote} emmanuel7788 And tommydoginti. Thank you Both for helping and sharing your knowledge and your experience with us The Newbies to this TMS system. I'm trying to practice this TMS mythology on a demo account. Your helps are much appreciated. . Thank you

I am sure you meant methodology and not mythology.

Trading Made Simple is just the title of the thread.

The trading methodology here is what the OP named as 5-Method.

The 5-Method got its name because Big E introduced the 5-period moving average 5 to his original price action stock trading system mid-90s. He and I have the same trading coach when we both trade the US stock markets. His forex trading started with a system he bought known as Forex Engine. He then took Craig Harris Stochastics NFF system seminar and later on he added Dean Malone' Synergy trading model. All he did here was his trading journey. He claimed to be profitable. I know he did make some money. He basically had a lot of money in his retirement and losing USD10,000 was not a problem to him.

What demo account do you have in mind? is USD10,000 something you would start with or you prefer USD200,000?

What do you have in mind which your trading account would contribute as cash flow to your full time income ?

I have been in this thread for more than 10 years and I have not seen anyone made money trading TMS. Mostly people come here and try and gave up. Some are fake traders posting fake trades on old charts.

Do you have a blueprint for trading success?

Do you know that 99% of retail forex traders lose money?

Why 99% of traders lose money { here }

and hanover gave a long list why { here }

 

  1.  No proven methodological edge
  2.  Lack of knowledge and experience
  3.  No trading plan
  4.  Failure to accept losses (causes recovery systems, irrecoverable open losses, revenge trading)
  5.  Poor or non-existent risk management (i.e. focusing on return over everything else)
  6.  Making decisions based on P/L rather than market probabilities/behavior (focusing on the money, rather than the process)
  7.  Undercapitalization (causes greed, overtrading, overleveraging) -- [NOTE: according to many br0kers, this is the most common cause of failure]
  8.  Over-reliance on money management (including ideas like same-pair hedges, baskets, grids, averaging down recklessly, martingale variants)
  9.  Complacency: a lack of respect for the market
  10.  Laziness: trying to find a color-by-number shortcut to riches (i.e. make the most money in the shortest time with the least effort)
  11.  Adherence to "$250 to $100,000 in 6 months" type notions
  12.  Adherence to trading myths
  13.  Lack of discipline
  14.  Lack of patience
  15.  Lack of resilience (unable to bounce back after losses)
  16.  Lack of composure/nerve (afraid to "pull the trigger")
  17.  Lack of stamina (quit too quickly)
  18.  Lack of dedication (failure to put in the required number of hours of study)
  19.  Failure to understand the importance of statistical validity, and the nature of statistical fluctuation
  20.  Failure to keep a journal
  21.  Over-reliance on automated systems (EAs)
  22.  Over-reliance on technical analysis (using tools that "don't work")
  23.  Exiting too early (should take higher RR trades)
  24.  Exiting too late (should take lower RR trades)
  25.  Hindsight bias
  26.  Confirmation bias
  27.  Recency bias
  28. Apophenia
  29.  Curve fitting
  30.  Strategies that test profitably, but are not grounded in real market inefficiencies
  31.  Randomness of price movement
  32.  Letting outside noise affect your decision making
  33.  Underestimating the effect of br0ker costs
  34.  Underestimation of the amount of expertise that is required
  35.  An inability to spell the word "lose" (just kidding)

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,344
  • Aug 2, 2022 10:45am Aug 2, 2022 10:45am
Quoting emmanuel7788
{quote} I am sure you meant methodology and not mythology. Trading Made Simple is just the title of the thread. The trading methodology here is what the OP named as 5-Method. The 5-Method got its name because Big E introduced the 5-period moving average 5 to his original price action stock trading system mid-90s. He and I have the same trading coach when we both trade the US stock markets. His forex trading started with a system he bought known as Forex Engine. He then took Craig Harris Stochastics NFF system seminar and later on he added Dean Malone'...

this crap #1718 is another reason why 99% of traders here will lose money .

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,345
  • Aug 2, 2022 10:48am Aug 2, 2022 10:48am
Quoting emmanuel7788
{quote} this crap #1718 is another reason why 99% of traders here will lose money . {image}

another piece of crap which a few people keep repeating is this #495

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,346
  • Aug 2, 2022 10:53am Aug 2, 2022 10:53am
Quoting emmanuel7788
US Markets Aug 02 - cautious now, maybe due for small correction US30 DOW {image} S&P500 {image} NASDAQ {image} I am done for my 20-trading-day-cycle ... 10% in 5 days

Look easy ... right?

Aug 02 trades closed S&P500

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Just follow Big E' Post #557 and #7555
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,347
  • Aug 2, 2022 12:00pm Aug 2, 2022 12:00pm
Quoting emmanuel7788
{quote} I am sure you meant methodology and not mythology. Trading Made Simple is just the title of the thread. The trading methodology here is what the OP named as 5-Method. The 5-Method got its name because Big E introduced the 5-period moving average 5 to his original price action stock trading system mid-90s. He and I have the same trading coach when we both trade the US stock markets. His forex trading started with a system he bought known as Forex Engine. He then took Craig Harris Stochastics NFF system seminar and later on he added Dean Malone'...
I have been in this thread for more than 10 years and I have not seen anyone made money trading TMS.
You are right about not seeing anyone making money trading TMS (5-method) before tommydoginti, including yourself: You posted plenty of images of your failed accounts from not figuring out the 5-method.

Mostly people come here and try and gave up.
But you are an exception on not giving up despite blowing several accounts, likely due to your mental problems.

Some are fake traders posting fake trades on old charts.
Yes, we have seen quite a number of your fake trades posted along with numerous other fake materials along with blatant lies. It is very clear that few newcomers read the entire thread before jumping in because if they did, they would have you on Ignore rather than consulting you for how to trade.
To free Gazans of Hamas, use whatever it takes.
  • #133,348
  • Aug 2, 2022 12:08pm Aug 2, 2022 12:08pm
Quoting emmanuel7788
{quote} this crap #1718 is another reason why 99% of traders here will lose money . {image}
Amazing how you managed to declare post #1718 as crap when it is BigE's summary of the 5-method along with things NOT to do to be successful with it.

For anyone that has read you posts in the thread, they can see clearly why you have failed so hard and so often: Because you insist on repeatedly doing the very things that BigE said don't do!

So all of you folks that read this, copy the image, and when you see that you, too, are failing, pull out the image and kick yourself.
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To free Gazans of Hamas, use whatever it takes.
  • #133,349
  • Aug 2, 2022 12:10pm Aug 2, 2022 12:10pm
Quoting emmanuel7788
{quote} EJ Aug 02 H1 New York 9am - continuation in trending market - price action H1 master Candle consolidation breakout {image} ...
Ej, gj reverse. If you enter sell hope you cut your loss small.
MA provides the market's current direction and strength.
  • #133,350
  • Aug 2, 2022 12:18pm Aug 2, 2022 12:18pm
Attached Image (click to enlarge)
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well known sharp v reversal
MA provides the market's current direction and strength.
  • #133,351
  • Aug 2, 2022 5:50pm Aug 2, 2022 5:50pm
Quoting hasib
{quote} Ej, gj reverse. If you enter sell hope you cut your loss small.
I stopped trading H1 at that hour for good reasons.

At New York 9am it is always tricky and risky because Chicago opens at 8:30am which is New York 9:30am and often the market make such kind of V-shape correction.
This is what Big E mentioned a few times about avoid the fakey at certain time of the day. He closed his 4hr trades at his 6am for good reason too.

But JPYBasket already show toppisch @8200 during the intraday morning.

Attached Image (click to enlarge)
Click to Enlarge Name: JPYBasket Aug02 toppisch 3-8-2022 6-44-20 am.png Size: 15 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,352
  • Aug 2, 2022 5:59pm Aug 2, 2022 5:59pm
Quoting hasib
{image} well known sharp v reversal


Chicago 9:30am open changes everything yesterday

do you trade counter-trend?

Daily closed pin bar???

buy or sell today?

Attached Image (click to enlarge)
Click to Enlarge Name: EJ Aug 02 H1 review 3-8-2022 6-36-08 am.png Size: 34 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,353
  • Aug 2, 2022 6:07pm Aug 2, 2022 6:07pm
Trading TDI cross up and cross down...

UJ Aug03 H1

- TDI cross down ...

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Aug 03 H1 TDI cross down 3-8-2022 7-02-51 am.png Size: 33 KB


if you follow this crap #1718, you will lose more than you will win

that post #1718 was made in May 2011 ... that's more than 10 year ago. Where have your been in the last 10 years? And today you start like any new trader in trading forex and got attracted to this thread title Trading Made Simple... you have a very long way to go until you learn how to trade the markets and discover what is Big E' original 5-Method.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E #1718.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,354
  • Aug 2, 2022 6:14pm Aug 2, 2022 6:14pm
Quoting emmanuel7788
Trading TDI cross up and cross down... UJ Aug03 H1 - TDI cross down ... {image} if you follow this crap #1718, you will lose more than you will win that post #1718 was made in May 2011 ... that's more than 10 year ago. Where have your been in the last 10 years? And today you start like any new trader in trading forex and got attracted to this thread title Trading Made Simple... you have a very long way to go until you learn how to trade the markets and discover what is Big E' original 5-Method. {image}
10 years ago a member asked Big E and his reply was this,

#3805
another old post Mar 2011:
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his message is loud and clear valid today, if you are a newbie , please go to babypips.com ... that was more 10 years ago.

many did complete babypips.com School of Pipsology but how many are still here and making money the last 10 years?
https://www.babypips.com/learn/forex

did you study this below?

https://www.babypips.com/trading/cre...-professionals
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,355
  • Aug 2, 2022 6:34pm Aug 2, 2022 6:34pm
Here is another crap post which member use often whenever they read post with MT4 EAs.

#139

another post more than 10 years ago:
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YES. Big E was correct - EAs " can't observe and think like humans can and do. You need to learn to think on your own while trading and making your own decisions."

Also correct: "Most EA"s don't work well anyway ".
"most" means more than 50%, right? But lets say it most means more than 90% don't work. But then the remaining 10% would work, right?

But since the last 10 years, many traders and developers have created trading tools which are also MT4 EAs.

Big E was also right - 100% right! , his discretionary trading style cannot be coded into an MT4 EA.

MT4 EA developed as trade managers can help you manage your trades once you have pulled the buy/sell trigger.

This will free up your time when you are at work and let the EA trade manager manage your trades.

Members here since the time when Big E was alive have used MT4 EA to help them manage their trades. A good example is Phx62 who use the THV CaveManager EA.

You decide because you trade your own money.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,356
  • Aug 2, 2022 6:48pm Aug 2, 2022 6:48pm
PM Q&A

One member asked "what is the market type condition of USDCAD?"

Ans:

Look at this pipware chart below,

Weekly: do your Weekly Top Down Analysis after New York Closed on July 29.

- do you see a big Weekly candle?

- Is that previous Week 30 candle a WRB or a WCC?

- what is the ATR(52) weeks and ATR(104) weeks?

Now you can already make a simple decision what the market type is for this week' trading.

Attached Image (click to enlarge)
Click to Enlarge Name: UCad H4 pipware Aug 03 3-8-2022 7-43-24 am.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,357
  • Aug 2, 2022 6:57pm Aug 2, 2022 6:57pm
Quoting emmanuel7788
PM Q&A One member asked "what is the market type condition of USDCAD?" Ans: Look at this pipware chart below, Weekly: do your Weekly Top Down Analysis after New York Closed on July 29. - do you see a big Weekly candle? - Is that previous Week 30 candle a WRB or a WCC? - what is the ATR(52) weeks and ATR(104) weeks? Now you can already make a simple decision what the market type is for this week' trading. {image}

If you do not want to do your WTDA, then you have TMS_V19 EA to provide you some basic information like:

- Trend 2/8 Weekly

- the TDIC1 of the next higher timeframe i.e. the Daily

> with the Weekly Trend 2/8 sideways and also the WCC High Low, you know the range of the WCC High-Low.etc...

>>> do you want to buy today on your Daily chart?

Attached Image (click to enlarge)
Click to Enlarge Name: UCad Aug03 H4 V19 info 3-8-2022 7-51-13 am.png Size: 54 KB


*** by the way WTDA was by another member dcginc who was active during Big E time. dcginc taught many traders here back in 2010 and 2011 how he trade with the original TDI. Read his posts too.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,358
  • Aug 2, 2022 7:21pm Aug 2, 2022 7:21pm
S&P 500 Aug03 Daily

- I like what I see at BRN 4100

- watch PA between 5LWMA and 5EMA

- next big money move

Attached Image (click to enlarge)
Click to Enlarge Name: SP500 AUg 03 BRN 4100 3-8-2022 8-19-12 am.png Size: 25 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,359
  • Aug 2, 2022 7:22pm Aug 2, 2022 7:22pm
Quoting emmanuel7788
S&P 500 - I like what I see at BRN 4100 - watch PA between 5LWMA and 5EMA - next big money move {image} ...

NASDAQ Aug 03 Daily

- same price action at BRN 13000

Attached Image (click to enlarge)
Click to Enlarge Name: NAS Aug03 BRN 13000 3-8-2022 8-19-38 am.png Size: 25 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,360
  • Aug 2, 2022 7:27pm Aug 2, 2022 7:27pm
TMS Monitor Aug 03 Tokyo 9:25am

- we are in the last 35mins of the current 4hr trade window

- if you missed AU sell, then you still have the next 4hr trade window

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Aug03 H4 and H1 Tokyo 925am 3-8-2022 8-25-12 am.png Size: 21 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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