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Trading Made Simple

  • #135,121
  • Oct 28, 2022 12:01pm Oct 28, 2022 12:01pm
Quoting Tekkies
{quote} Don't agree Dave. It won't easy. Looking at the Account history > Earned $95 in +- 10 trading days. Keep up with that track record Account Balance will be $1 000 in 60 trading days Increase lot size to 0.20. Patricc maintain his discipline Balance will be $2 000 > Let say in 45 trading days > Every time Account Balances is increased by $1 000 increased lot size by 0.10. By June / July 2023 Patricc will be trading with some very serious money. There is much power in compounding the lot size as account grow.
Seeing that he is struggling with consistency, 0.1 lot in a $500 account is a recipe for disaster for typical retail traders.

Also, I don't see an account history, so no way to determine if the rate of increase over such a short time interval has any statistical significance at all.
To free Gazans of Hamas, use whatever it takes.
  • #135,122
  • Oct 28, 2022 12:01pm Oct 28, 2022 12:01pm
Quoting patricc
{quote} Yes it s very easy to learn for beginners And good for learn follow rules and learn disziplin,what the most important is at trading. the lower timframe is more for advaced traders and a litlle bit more difficult to learn. The core of this method from big E is indeed simplicity . 1 trade a day is is the best rule to limit the trades for don t do overtrading.
From what I see trading lower timeframe is a matter of patience. But the TMS setups are the same on the charts.

1 trade per day is not a bad thing and can be trading on anytime frame too. Or even less frequent than that is better IMO, when you get fluent in trading TMS you know the number of trades is not the factor of profitability. I only have 9 trades since account started mid Oct, about 2 weeks

Trade well.

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  • #135,123
  • Oct 28, 2022 12:05pm Oct 28, 2022 12:05pm
Quoting tommydoginti
{quote} Hi Nagarrazu, I disagreed with you, and also because of the low accuracy track record of Emmanuel. Just a proof of concept trade to illustrate the EURCAD was having Buy opportunity as of BigE's TMS, as price was at extended downswing amid an uptrend. Trend can change to down as you analyzed, but the Sell opportunity was just not there yet. Trade well and enjoy the weekend. {image}{image}
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Exactly the same TMS setup on EC and the other setups in previous post
https://www.forexfactory.com/thread/...0#post14200110

was late entry but I only checked the chart when some loser said it would be “bearish”

Just follow BigE’s #647 and identify the Price Actions

Previous highs and lows
rejections at those levels

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  • #135,124
  • Oct 28, 2022 12:23pm Oct 28, 2022 12:23pm
Quoting tommydoginti
{quote} {image} Exactly the same TMS setup on EC and the other setups in previous post https://www.forexfactory.com/thread/...0#post14200110 was late entry but I only checked the chart when some loser said it would be “bearish” Just follow BigE’s #647 and identify the Price Actions Previous highs and lows rejections at those levels {image}
When the trade was taken. Missed the TDI cross signal and entered at TDI bounce.

have a nice weekend everyone

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  • #135,125
  • Oct 28, 2022 6:45pm Oct 28, 2022 6:45pm
Quoting emmanuel7788
S&P500 M5 Oct28 It is easy only when you know ..... {image}
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What the OP said about 3 to 6 setups per evening is true when you know today' markets you trade.

#7555 iT'S NOT UNCOMMON TO FIND 3-6 TRADE SET UPS PER EVENING.

For those who are active traders the US Markets session is another option to trading the London session. It depends on your time zone and lifestyle. With a USD10,000 account you can make an average $500 to $1000 per session.

For those who follow live Telegram group post last night and took that S&P500 trade I posted, you all made a +2R trade quite easily.

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,,,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #135,126
  • Oct 28, 2022 7:09pm Oct 28, 2022 7:09pm
Quoting emmanuel7788
{quote} What the OP said about 3 to 6 setups per evening is true when you know today' markets you trade. #7555 iT'S NOT UNCOMMON TO FIND 3-6 TRADE SET UPS PER EVENING. For those who are active traders the US Markets session is another option to trading the London session. It depends on your time zone and lifestyle. With a USD10,000 account you can make an average $500 to $1000 per session. For those who follow live Telegram group post last night and took that S&P500 trade...
Week 43 Trading the US Markets

Trade Closed Summary Oct 24 to 28

- keeping with my 3-year trading cycle which started Oct 2020 completed 25 months now

- maintaining my weekly average $5000 per week nice income for a retired person


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #135,127
  • Oct 28, 2022 7:39pm Oct 28, 2022 7:39pm
Quoting nagarrazu
{quote} Thank you emmanuel7788, Yes, I do follow my strategy/plan....drawing good setups & having Patience are the key things in Trading. surely we will bag handsome profits consistently(I am doing it ). note : we should be ready to take valid losses too(acceptable losses) when market goes unexpected.. yes EURCAD looks bearish... in this thread , i could see few of them are analyzing the market/pairs in a right manner(you are one of them). "Forex Trading is an every day learning"

hi @nagarrazu

Yes. There are quite a few old members in this thread who have shared their many years of trading experience.
Let's start with Eric the OP. He has 15+ years trading experience.
Next, is pioneer member dcginc who taught many of us back in 2011 and 2012 about Weekly Top Down Analysis.
Then we have snarlyjack another pioneer member with Eric. He and Big started together and were active in the Synergy trading room.
Another member Phx62, who made a lot of contribution in this thread and also in X-Man' thread { link }. He is one of the best price action trader who know how to use the TDI to confirm his favourite setups. We traded together in X-Man' thread for a few years.
Of course, we have X-Man who was another key member in Eric' skype group back in 2011.
Another member is LE1 aka Arjun who trade mainly M15 chart timeframe. His thread { link }
X-Man , LE1 and a group of us were in Arjun' skype group back.

When I put together all the years of knowledge and experience of these members , it is more than 50 man-years.

For those who want to learn to trade low timeframe charts where the belief is 'Price Action is king',
Trading M15 is Arjun
Trading H1 and H4 is X-Man
In this thread, my main focus is 4H swing trading and Daily/Weekly Swing trading. I stick to Big E' Post#281 for medium to long term consistency and track record.

To succeed in this business, we must learn from the best in this trade and this takes a lot of time. You cannot achieve this in a short 2~3 years without daily mentoring and coaching.
Anyone here who makes claims without a track record of at least 3 to 5 years is simply too good to be true. Some say its lying.

Trade Well and Stay Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #135,128
  • Oct 28, 2022 7:49pm Oct 28, 2022 7:49pm
Quoting patricc
{quote} This was a real trading account filled with 356 dollars. Sorry i don t waste my time with demotrading.
@patricc

don't waste time with Demo account trading. You will grow that account over time when you stick to trading the 4hr.

to develop mental strategies we can only achieve when we are trading real money.

one of the many reasons why new traders lose in this business is they trade with Demo money for too long time and never get to develop their mental fitness as a trader.

As traders, we need to condition our minds through live trading with real money.

Athletes train long hours to condition both body and mind. They do not train using simulations.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #135,129
  • Oct 28, 2022 7:56pm Oct 28, 2022 7:56pm
Quoting DrDave
{quote} I think this system works much better in the 4h than 1h timeframe especiallly for beginner trader. That's because of the "slop" that get's covered up in the 4H vs. smaller TFs, not because it is a "better" TF. Now that you played in demo on 4H, just how much capital do you have that you can put into an account that will be able to handle the high drawdown that you get on 4H? Try taking a look at what you can do in the real world, not the fantasy-land that you're in, walking on clouds, in this thread.

Why don't you start posting your trades and show people here that you can trade.

You can start with USD10,000 and trade like the OP of this thread and make $500 to $1000 per evening.

Big E' Post #557 and #7555
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #135,130
  • Oct 28, 2022 8:14pm Oct 28, 2022 8:14pm
Quoting DrDave
{quote} Seeing that he is struggling with consistency, 0.1 lot in a $500 account is a recipe for disaster for typical retail traders. Also, I don't see an account history, so no way to determine if the rate of increase over such a short time interval has any statistical significance at all.

Its time people here learn a few more things about Mastering Risk Management Techniques

Retail Spot Forex trading is gambling in the world largest glorified online casino. { link }

We don't win often but when we know how to play the money management game regularly we can generate a good cash flow as income.

Inserted Video


Learn the Lotto model
Learn the Insurance model

then

next Learn the CashFlow Model


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #135,131
  • Oct 29, 2022 3:13am Oct 29, 2022 3:13am
Quoting emmanuel7788
{quote} Week 43 Trading the US Markets Trade Closed Summary Oct 24 to 28 - keeping with my 3-year trading cycle which started Oct 2020 completed 25 months now - maintaining my weekly average $5000 per week nice income for a retired person {image}
Post 134,722 I was at the bar before you. You missed my early bird post today

Post 134,724
> How about you post your trades Vincent so that readers really can see where you have entered on that chart.
Just for fun > make sure you show the Account history for those trades.

Post 134,725 Be patient...very very very patient.

Post 134,729 Ducking and diving when asked to confirm your charts/ trades.
========
Today you post 20 trades account history unasked and refuse to post any trades for that "early bird" that has been asked for

Why did you refuse to show and confirm any trades for that early bird post?
=======
Nice trading Vincent.
  • #135,132
  • Oct 29, 2022 4:19am Oct 29, 2022 4:19am
Quoting tommydoginti
{quote} Hi Nagarrazu, I disagreed with you, and also because of the low accuracy track record of Emmanuel. Just a proof of concept trade to illustrate the EURCAD was having Buy opportunity as of BigE's TMS, as price was at extended downswing amid an uptrend. Trend can change to down as you analyzed, but the Sell opportunity was just not there yet. Trade well and enjoy the weekend. {image}{image}
Hi Tommy,
Yes, you might be right & respect your disagreement(with any of my words).
did my analysis on EURCAD last week(thought of it may go down),but later the trend got changed to bullish. we have to wait for the moment to confirm whether it will go Up or Down. here is my chart - based on the Bearish OB followed by Fair Value Gap, it may go down till 1.34300 around.
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  • #135,133
  • Oct 29, 2022 4:29am Oct 29, 2022 4:29am
Quoting emmanuel7788
{quote} hi @nagarrazu Yes. There are quite a few old members in this thread who have shared their many years of trading experience. Let's start with Eric the OP. He has 15+ years trading experience. Next, is pioneer member dcginc who taught many of us back in 2011 and 2012 about Weekly Top Down Analysis. Then we have snarlyjack another pioneer member with Eric. He and Big started together and were active in the Synergy trading room. Another member...
Thank you so much emmanuel7788 for giving us more information about the pioneers in FF. it helps people. I will go through their threads and try to get some more knowledge.
  • #135,134
  • Oct 29, 2022 9:04am Oct 29, 2022 9:04am
Quoting nagarrazu
{quote} Hi Tommy, Yes, you might be right & respect your disagreement(with any of my words). did my analysis on EURCAD last week(thought of it may go down),but later the trend got changed to bullish. we have to wait for the moment to confirm whether it will go Up or Down. here is my chart - based on the Bearish OB followed by Fair Value Gap, it may go down till 1.34300 around. {image}
Hi Nagarrazu,

Thanks for your feedback. I disagreed with you simply because using BigE’s Trading Made Simple method, the analysis was an uptrend and should be buying TDI buy signals.

I am happy you express your interest in learning and trading TMS.
Not sure how you analysed the chart to be bearish but would love to hear from the POV of TMS.
EC was in clean HHHL formation indicating an uptrend and not yet formed a Lower High (premium sell positions). Just based off the H/L and Trend PA in #647. I wouldn’t try to predict a trend change until the first lower high is formed to complete the first LHLL chain.

It is everyday learning but best to be focused on the TMS method as explained by BigE in this thread. My primary objective is to learn and share the TMS method and not other approaches or strategies. Not sure about yours.

trade well

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  • #135,135
  • Oct 29, 2022 5:09pm Oct 29, 2022 5:09pm
Quoting nagarrazu
{quote} Thank you so much emmanuel7788 for giving us more information about the pioneers in FF. it helps people. I will go through their threads and try to get some more knowledge.

there's more and I will share them later today.

It has been a fantastic trading journey for me in Forex Factory since it started
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #135,136
  • Oct 29, 2022 5:11pm Oct 29, 2022 5:11pm
on a H4 chart a swing run for 3 to 8 candles,

what is the market type conditions ?

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #135,137
  • Oct 29, 2022 5:14pm Oct 29, 2022 5:14pm
Quoting Tekkies
{quote} Post 134,722 I was at the bar before you. You missed my early bird post today Post 134,724 > How about you post your trades Vincent so that readers really can see where you have entered on that chart. Just for fun > make sure you show the Account history for those trades. Post 134,725 Be patient...very very very patient....

hey @Tekkies

already replied but you did not get it.

that is okay for me.

next week we continue to discuss bar(0) and Post#647

which currency pairs do you want to discuss?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #135,138
  • Edited 2:28am Oct 30, 2022 2:17am | Edited 2:28am
Quoting emmanuel7788
{quote} hey @Tekkies already replied but you did not get it. that is okay for me. next week we continue to discuss bar(0) and Post#647 which currency pairs do you want to discuss?
Got it loud and clear?
"Which currency pairs do you want to discuss? "
This one Post 134,722
With this trade Post 134,722 "I was at the bar before you."

It will be nice of you to repost those trades on a current up to date chart with their account history, so that we may have concrete facts to discuss.
.
  • #135,139
  • Oct 30, 2022 3:46am Oct 30, 2022 3:46am
Quoting Tekkies
{quote} Got it loud and clear? "Which currency pairs do you want to discuss? " This one Post 134,722 With this trade Post 134,722 "I was at the bar before you." It will be nice of you to repost those trades on a current up to date chart with their account history, so that we may have concrete facts to discuss. .
Why bother whipping a dead horse? You KNOW that TheToxicFakeTrader will never post such a follow up because it would once again expose him as TheToxicFakeTrader.

Just move along and let the naive and lazy newcomers fail to act responsibly by reading the thread from the start to get caught up in his smoke and mirrors, wasting time and probably money before they figure out it was all a scam by TheToxicFakeTrader to feed his sick ego. The ones that actually put their money on the line join the other 75% or more of retail traders that provide $$$ for my accounts.
To free Gazans of Hamas, use whatever it takes.
  • #135,140
  • Oct 30, 2022 4:29am Oct 30, 2022 4:29am
Quoting Tekkies
{quote} Got it loud and clear? "Which currency pairs do you want to discuss? " This one Post 134,722 With this trade Post 134,722 "I was at the bar before you." It will be nice of you to repost those trades on a current up to date chart with their account history, so that we may have concrete facts to discuss. .

@Tekkies

Good you finally got it. Big E was right when he said we have to participate and think and use our brains.

So you want to discuss trading EURUSD next week Oct 31 to Nov 04, post bar(0) chart and discuss Post#647.

Is there anything else specific which you want me to share and discuss?

Stay tuned!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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