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Trading Made Simple

  • #134,181
  • Edited 2:21am Sep 4, 2022 1:35am | Edited 2:21am
Quoting emmanuel7788
{quote} Trading Mastery series .... ***Realtime Live Price Action Trading*** S&P 500 Daily at London 11am now - not very much happen so far > the real action comes later ... - today is NFP so I am watching the NY 8:30am candle > and also the 9:30am EST candle would be the real action > if you want to catch a sell setup try m5 swing high reversal after the 9:30am opening candle {image}

Quoting emmanuel7788
{quote} Trading Mastery series .... ***Realtime Live Price Action Trading*** NASDAQ Sep 01 Trades Closed - first trades was continuation of the previous day Aug 31. - trade got stopped out during the pre-session - did a quick re-entry with M5 > two trades total hit my daily average $1,000 Post#557 and Post#7555 Daily chart {image} M5 chart show the re-entry {image} ...


S&P500 Sep02 trades closed

-

Attached Image (click to enlarge)
Click to Enlarge Name: SP500 Sep02 trades closed 3-9-2022 8-14-33 am.png Size: 33 KB


Edit.

Updated closed trades Sep 01 and Sep 2





...
Attached Image (click to enlarge)
Click to Enlarge Name: S&P Sep01 02 trades closed 4-9-2022 3-18-20 pm.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,182
  • Sep 4, 2022 1:40am Sep 4, 2022 1:40am
Quoting emmanuel7788
{quote} Trading Mastery series .... ***Realtime Live Price Action Trading*** NASDAQ Sep 01 Trades Closed - first trades was continuation of the previous day Aug 31. - trade got stopped out during the pre-session - did a quick re-entry with M5 > two trades total hit my daily average $1,000 Post#557 and Post#7555 Daily chart {image} M5 chart show the re-entry {image} ...

NASDAQ Sep 02 trade closed

- just one trade +$1046

- to hit my Daily average $1000 Post#557 and Post#7555


Attached Image (click to enlarge)
Click to Enlarge Name: NAS Sep02 Trade closed 3-9-2022 8-17-10 am.png Size: 28 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,183
  • Sep 4, 2022 1:50am Sep 4, 2022 1:50am
PM request:

referring to Post#134,176
where to download THV Cavemanager EA

Trading Made Simple Expert Advisor EA for Trade Management

THV CaveManager Trade Management EA.

Download the trade manager EA and pdf description from original thread / post by Caveman: Post# 18,455

Both the EA and pdf description are in Post#30,032

User guide by FF member Lookleft Post# 58,004

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,184
  • Sep 4, 2022 2:03am Sep 4, 2022 2:03am
Quoting emmanuel7788
{quote} {quote} S&P500 Sep02 trades closed - {image} ...
I'm not sure I understand the trades shown on there, the first of the trades taken on spx500 was taken according to your history on 1st September early in the day and reached take profit on September 2nd, late in the day? whereas your chart shows it coming out on 1st September.
  • #134,185
  • Sep 4, 2022 2:24am Sep 4, 2022 2:24am
Quoting lynnc
{quote} I'm not sure I understand the trades shown on there, the first of the trades taken on spx500 was taken according to your history on 1st September early in the day and reached take profit on September 2nd, late in the day? whereas your chart shows it coming out on 1st September.

yes, your are right.

there were two trades on Sep 01.

one was closed the same day.

the other was closed on Sep 02

just posted an updated chart with entries and exits.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,186
  • Sep 4, 2022 2:44am Sep 4, 2022 2:44am
More smoke and mirrors Vincent?
Merely posted how you contradict yourself on a daily base.
----
Readers only have to ask them self why:
> You post for the last few week Price Action trading, bashing TDI almost in every other post
> Suddenly refer readers to study Phx62 posts that extensively use TDI.
  • #134,187
  • Sep 4, 2022 3:13am Sep 4, 2022 3:13am
Quoting Tekkies
More smoke and mirrors Vincent? Merely posted how you contradict yourself on a daily base. ---- Readers only have to ask them self why: > You post for the last few week Price Action trading, bashing TDI almost in every other post > Suddenly refer readers to study Phx62 posts that extensively use TDI.

hey @Tekkies

It is your poor reading and comprehension skills.

You growing hatred has overwhelmed you already poor intellect to understand things going on for the past 10 to 15 years.

Traders like khidir has been impressed with Phx62 posted trades and he wants to know the secrets of Phx62 and I will show him here.

Quoting khidir
{quote} Hi yes I would love to know Phx62 secrets I was always impressed with his posted trades and commentary ? Thanks
I will post realtime live market charts and trade opportunities next week. This is the best way to learn in realtime mode and no hindsight bullshit and posting only winning trades.

If your are not happy here then move on quietly ... read Big E Post#1.

With your Holy Grail TDI, you can remain in your Failure Pit with your buddies..

Attached Image (click to enlarge)
Click to Enlarge Name: ReverseFlash #81,686.png Size: 172 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,188
  • Sep 4, 2022 3:33am Sep 4, 2022 3:33am
Quoting Tekkies
More smoke and mirrors Vincent? Merely posted how you contradict yourself on a daily base. ---- Readers only have to ask them self why: > You post for the last few week Price Action trading, bashing TDI almost in every other post > Suddenly refer readers to study Phx62 posts that extensively use TDI.
He is trying to say without saying it, that phx62 posted false trade charts.
  • #134,189
  • Sep 4, 2022 3:44am Sep 4, 2022 3:44am
Quoting emmanuel7788
{quote} yes, your are right. there were two trades on Sep 01. one was closed the same day. the other was closed on Sep 02 just posted an updated chart with entries and exits.
So there was a lot of drawdown before it reached take profit?
  • #134,190
  • Sep 4, 2022 3:45am Sep 4, 2022 3:45am
Quoting lynnc
{quote} He is trying to say without saying it, that phx62 posted false trade charts.

I did not say that. You did. In fact, some members here accused Phx62 of posting fakes trades.

All that I am saying is Phx62 has some trading secrets which many here are not able to see nor understand why he took most of his winning trades. I believe in his discipline in trading and following the simple trading concept the way he sees it.

If traders here bother to spend their time and learn trading in realtime live market conditions they will learn much faster and learn more what are the best setups during the day.

Most of Phx62 winning trades are similar like Big E' trading style ... rule-based discretionary trading. Some of his trades are mechanical following the basic TMS 5-Method rules.

Anyway, starting next week we will all learn trading Phx62 style and learn to use some of his tools.

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,191
  • Sep 4, 2022 3:52am Sep 4, 2022 3:52am
Quoting lynnc
{quote}So there was a lot of drawdown before it reached take profit?
yes, there was floating loss in some cases like the trade open on Sep01 Day Open.
when I am swing trading on the Daily chart candle price action the stop loss is large and I can take that because I have previous days / weeks profits to trade.
during the day, I have other trade opportunities too which can reduce any potential cut-loss type drawdown.

see this post example }}} https://www.forexfactory.com/thread/...0#post14123900


Never look at daily profit&loss but rather look at over a longer period like a 20-trading-days-cycle.
I know some traders are under daily pressure to meet the daily maximum loss and minimum profit challenge given by their broker. I am not under that kind of daily pressure with my 20-trading-days-cycle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,192
  • Sep 4, 2022 4:00am Sep 4, 2022 4:00am
Quoting emmanuel7788
{quote} yes, there was floating loss in some cases like the trade open on Sep01 Day Open. when I am swing trading on the Daily chart candle price action the stop loss is large and I can take that because I have previous days / weeks profits to trade. during the day, I have other trade opportunities too which can reduce any potential cut-loss type drawdown. see this post example }}} https://www.forexfactory.com/thread/...0#post14123900 Never look at daily profit&loss but rather look at over a longer period like a 20-trading-days-cycle....
It was just an observation, each persons tolerance of risk is their own business.
  • #134,193
  • Sep 4, 2022 4:05am Sep 4, 2022 4:05am
Quoting emmanuel7788
{quote} I did not say that. You did. In fact, some members here accused Phx62 of posting fakes trades. All that I am saying is Phx62 has some trading secrets which many here are not able to see nor understand why he took most of his winning trades. I believe in his discipline in trading and following the simple trading concept the way he sees it. If traders here bother to spend their time and learn trading in realtime live market conditions they will learn much faster and learn more what are the best setups during the day. Most of Phx62 winning...
I have read this thread extensively and seemed to remember you pointing out extra objects on his charts back in 2015 and at one time pointing out the lines connecting entries and exits were not straight, so obviously hinting at something being wrong with his charts.
  • #134,194
  • Sep 4, 2022 4:13am Sep 4, 2022 4:13am
Quoting lynnc
{quote}It was just an observation, each persons tolerance of risk is their own business.
its about risk management and how to risk only the money the market already gave you.... its free trades when you already have bank-in profits locked.

for example, start with $10,000 and grow that to $25,000 then to $50,000.

this way you have many free trades during a 3-years-trading-cycle.

I remember is one seminar, Dr Van Tharp has one well known saying:
"To maximise profits one must be prepared to give up 50% of what the market gave you."

I have found this to be true.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,195
  • Sep 4, 2022 4:22am Sep 4, 2022 4:22am
Quoting lynnc
{quote}I have read this thread extensively and seemed to remember you pointing out extra objects on his charts back in 2015 and at one time pointing out the lines connecting entries and exits were not straight, so obviously hinting at something being wrong with his charts.
Yes, years ago some members here highlighted some posts to me and asked for my opinion. I replied them.

It will be good if you point us to those posts so that other people joining this thread late can also have a look and form their own opinion.

But I still believe most of his trades are very difficult for traders to comprehend and execute. Rule-based discretionary trading is very difficult for some traders and it requires a lot of discipline.

One example I posted earlier is this chart below:
This is a rare occasion to trade the news driven event and he was well prepared for it and with THV CaveManager EA. He watched those Craig Harris videos many times and he has many of his traders trick entry TTE for different occasions.


Attached Image (click to enlarge)
Click to Enlarge Name: Phx62 #57146 chart.png Size: 38 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,196
  • Sep 4, 2022 4:32am Sep 4, 2022 4:32am
Quoting emmanuel7788
{quote} Yes, years ago some members here highlighted some posts to me and asked for my opinion. I replied them. It will be good if you point us to those posts so that other people joining this thread late can also have a look and form their own opinion. But I still believe most of his trades are very difficult for traders to comprehend and execute. Rule-based discretionary trading is very difficult for some traders and it requires a lot of discipline. One example I posted earlier is this chart below: This is a rare occasion to trade the news driven...
I found one of those posts, which was definitely not a reply to someone else asking about phx62 you used one of his posts to show false (dodgy?) trades and this was after he had left the thread http://www.forexfactory.com/showthre...38#post8763238 so yes I too was surprised you are singing his praises now unless there is (dare I say it) a hint of sarcasm in your posts now about him.
  • #134,197
  • Sep 4, 2022 4:51am Sep 4, 2022 4:51am
Quoting lynnc
{quote}I found one of those posts, which was definitely not a reply to someone else asking about phx62 you used one of his posts to show false (dodgy?) trades and this was after he had left the thread http://www.forexfactory.com/showthre...38#post8763238 so yes I too was surprised you are singing his praises now unless there is (dare I say it) a hint of sarcasm in your posts now about him.
OK. I see what you meant.

You are missing something very important in MT4.

- if the trade is taken in live market and the trade is closed as seen in the MT4 Account History then the drag-and-drop from the Account History on to the chart will show the entry and exit, including the SL and TP orders if these were placed in the MT4 terminal

- but if the trades are managed using a trade manager EA for example MPTM, the exit SL and TP will not show in the MT4 terminal if stealth mode was in used.

- another case would be if the trade is done using a strategy tester software, then the trade details are not in the MT4 terminal and the entry and exit can be plotted on the chart but the SL and TP may not be shown correctly. This is a known problem using strategy tester software.

I give credit when credit is due. Phx62 is a good trader. He and I exchanged a few PMs and I know I can trust him. He was not trying to sell anything here. There are many takeaways from his posts and charts, and these are what traders here can learn from and try practice those setups he posted in his charts. I'll will post next week and explain a few more things with realtime live market charts what I learned from Phx62. I will focus on the more important thing which is PA as Big E mentioned in his
Post# 3142
#1 in importance is PA, #2 is the TDI for confirmation & Stochs is just an indicator I note. If TDI & Stochs are oppositre... I may pass on the trade...

Quoting eelfranz
Big Jim, #1 in importance is PA, #2 is the TDI for confirmation & Stochs is just an indicator I note. If TDI & Stochs are oppositre... I may pass on the trade...


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,198
  • Sep 4, 2022 5:25am Sep 4, 2022 5:25am
Quoting Tekkies
More smoke and mirrors Vincent? Merely posted how you contradict yourself on a daily base. ---- Readers only have to ask them self why: > You post for the last few week Price Action trading, bashing TDI almost in every other post > Suddenly refer readers to study Phx62 posts that extensively use TDI.
It's from the tips he learned from JackRabbit: When you can't figure out how to be profitable with one system, just hop onto another. So this is his latest hop, hoping and praying that THIS TIME, he will figure it out.
To free Gazans of Hamas, use whatever it takes.
  • #134,199
  • Sep 4, 2022 6:27am Sep 4, 2022 6:27am
Well i don't know how to monitor 28 major pairs, but since i'm a newbie to this method, i thought that maybe i won't get a lot of setup buy looking at the 8-9 pairs used by the op only, since we trade the 4-hours charts.
  • #134,200
  • Sep 4, 2022 7:47am Sep 4, 2022 7:47am
Quoting Fake'Dr'Dave
{quote} It's from the tips he learned from JackRabbit: When you can't figure out how to be profitable with one system, just hop onto another. So this is his latest hop, hoping and praying that THIS TIME, he will figure it out.
________________________________________________________
The markets are speaking to you. Do you know their language? I M T {nonsense!}

hey Folks

As most of us already know this member @Fake'Dr' has serious mental condition which make him post all kind of garbage in this thread which has nothing to do with trading. He is posting here because of his intense hatred which @robots4me had pointed out ...

https://www.forexfactory.com/thread/...0#post13373800

https://www.forexfactory.com/thread/...9#post13251209

His fragile mental state was made worst when his own thread TDA with IMT failed to get him the attention he so badly needed to boost his fragile ego.

Lets focus on trading and trading discussions.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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