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Trading Made Simple

  • #135,601
  • Nov 4, 2022 12:32am Nov 4, 2022 12:32am
Quoting Tekkies
Love them fact checking post's > Ouch They tend to burst inflated egos.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #135,602
  • Nov 4, 2022 12:33am Nov 4, 2022 12:33am
Quoting emmanuel7788
{quote} LOL. @tommydog Big E did not trade H1 during Asian session. You got it all wrong for the past 2 years since you started trading in October 2020. In fact, Big E did not trade after the London session closed until the next day Pacific 10PM. He enjoyed his usual everyday job. TMS is trading Big E' 5-Method. Post#5. Why did Big E chose this thread title "Trading Made Simple" ? You need to read and study his old thread and learn that too. You should not look at drawdown in pips. Its the money drawdown which depends on the trade position size....

I agree that we should not look at DD in pips. But in RR and risk

But in each position the RR are calculated by your TP and SL position, which is in pips

you are learning to trade now. Good luck

control your risk

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  • #135,603
  • Nov 4, 2022 12:34am Nov 4, 2022 12:34am
Quoting tommydoginti
{quote} I think you have mistaken. It is not how BigE’s TMS Your entry was actually late from Previous Low and too “early bird” for the next High to sell back down Your took profit was 18 pips but the Drawdown was >40pips. Your SL is even larger than that it is the path to losing money in long term. Keep your RR > 1 Remember to follow TDI green cross red down in sell. {image} {image}{image}

LOL. @tommydog

Big E did not trade H1 during Asian session.
You got it all wrong for the past 2 years since you started trading in October 2020.
In fact, Big E did not trade after the London session closed until the next day Pacific 10PM. He enjoyed his usual everyday job.

TMS is trading Big E' 5-Method. Post#5.

Why did Big E chose this thread title "Trading Made Simple" ? You need to read and study his old thread and learn that too.

You should not look at drawdown in pips. Its the money drawdown which depends on the trade position size.
There is no 40 pips drawdown because there is Capital Protection based on chart timeframe trading. The first exit TP1 covers the remaining cost of that trade.

You have plenty to learn from your father who is 65 years old and he is a retired IT professional. He still trade the HSI for his retirement expenses, right?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #135,604
  • Nov 4, 2022 12:37am Nov 4, 2022 12:37am
Quoting emmanuel7788
{quote} LOL. @tommydog Big E did not trade H1 during Asian session. You got it all wrong for the past 2 years since you started trading in October 2020. In fact, Big E did not trade after the London session closed until the next day Pacific 10PM. He enjoyed his usual everyday job. TMS is trading Big E' 5-Method. Post#5. Why did Big E chose this thread title "Trading Made Simple" ? You need to read and study his old thread and learn that too. You should not look at drawdown in pips. Its the money drawdown which depends on the trade position size....

You have messed up the rules of the TMS method and BigE’s own preference in trading the method

Read Post #1.

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  • #135,605
  • Nov 4, 2022 12:38am Nov 4, 2022 12:38am
Quoting emmanuel7788
{quote} hey @tommydog I don't see any low risk trading idea using M15 Please share your thought process behind taking this trade decision knowing that you work fulltime job in an office. {image} {image}

You don’t see any TMS setup. Answer is simple, you still cannot trade BigE’s TMS

it is actually very simple using TDI and Price Action of #647

Previous Lows and High made a HHHL.
Price was in consolidation and retested Range low
Rejection from range low (OB retest, indication of continuation)
TDI green cross red Up

simple as that, like a 10 second analysis.

Very straightforward TMS setup.

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  • #135,606
  • Nov 4, 2022 12:44am Nov 4, 2022 12:44am
will be clearer when break out of consolidation
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ITB - Seeing Orderliness amongst 'Randomness'
  • #135,607
  • Nov 4, 2022 12:44am Nov 4, 2022 12:44am
Quoting emmanuel7788
{quote} hi @bodal you trade the Daily ... its cash cow when done right. I trade the Daily too in my CashFlow System Trading Strategy. My Daily hit 100% at end October just 10 months.
Hi Emmanuel7788,

4H and daily time frames are the only one that I can afford nothing under !
You have a tremendous win rate !
I preserve a cautious risk management so my usual (and consistently) monthly increase in capital is between 2% and 3% , with a win rate of 70%.
It's perfect for my personality and possibilities.
I did have learned from you some valuable things too.
Best NFP and week end.
  • #135,608
  • Nov 4, 2022 12:47am Nov 4, 2022 12:47am
Quoting tommydoginti
{quote} I agree that we should not look at DD in pips. But in RR and risk But in each position the RR are calculated by your TP and SL position, which is in pips you are learning to trade now. Good luck control your risk {image}

@tommydog...

Now you learn no to look at DD in pips. Good you learn something in this thread after 2 years.

But, next your can learn to look trading system expectancy over a longer term like 36 months and use 20-trading-days-cycle. How many times you have losing 20TDC in a 3 year 36 months period.

For example when you started in Oct 2020, your 36 months completion is Sep 2023.
How many winning and losing 20TDCs in that 36 months?

What is your trading Expectancy for your first 100 trades?
then the next 200 trades, and the next 300 trades, and so on...

Trading the retail spot forex market is no a get rich fast scheme.
People hear about Jason Stapleton who made near 0ne million$ starting with $250,000. It is real because some of us witnessed that.
https://www.forexfactory.com/thread/post/8721751#post8721751

Some of us knew him through pioneer TMS member dcginc and Jason' seminars back in those early years with . Some here liked him. Many did not because of his arrogant and tough speaking style. But I know he was a good person with good intentions.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #135,609
  • Nov 4, 2022 12:51am Nov 4, 2022 12:51am
Quoting tommydoginti
{quote} You have messed up the rules of the TMS method and BigE’s own preference in trading the method Read Post #1. {image}

@tommydog

Its okay. You messed it in your own way.

I trade it my own way.

So be it.

Now, you can start posting MT4 chart showing real trades entries and exits.

We are all here waiting for your MT4 charts ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #135,610
  • Nov 4, 2022 12:59am Nov 4, 2022 12:59am
Quoting emmanuel7788
- {quote} Nov 04 NFP Trading - can it be a repeat of Jul 08, 2016 ? - what if ? - I am prepared now. Daily Picture - I have the Aqua colour region on my chart {image} TMS 5-Method chart - the Weekly Market Type will still be the same after today NFP - you cannot survive trading with small stop loss - but you can more likely survive with AEP and Dynamic Cut-Loss to protect your account {image} ...

Quoting emmanuel7788
{quote} How to trade NFP? you know the risks therefore it is your own personal ownership and responsibility to mitigate the risk study these charts and take notes the experienced traders would have no problem with these * remember Big E only trade the 1hr during the New York opening hours. Post#1 {image} {image}


EURUSD Nov04 NFP Trading

UPDATE Frankfurt 9am

- open positions Frankfurt Open

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #135,611
  • Nov 4, 2022 1:18am Nov 4, 2022 1:18am
short scalp
support turned resistance
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ITB - Seeing Orderliness amongst 'Randomness'
  • #135,612
  • Nov 4, 2022 1:24am Nov 4, 2022 1:24am
Quoting emmanuel7788
{quote} @tommydog Its okay. You messed it in your own way. I trade it my own way. So be it. Now, you can start posting MT4 chart showing real trades entries and exits. We are all here waiting for your MT4 charts ...
Coming back to the old argument Vincent.

Why do you insist to trade your way in this thread that is not based on TDI green cross red signal.

(Please don't refer to BigE's post's in other threads)
  • #135,613
  • Nov 4, 2022 1:26am Nov 4, 2022 1:26am
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  • #135,614
  • Nov 4, 2022 1:52am Nov 4, 2022 1:52am
short
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ITB - Seeing Orderliness amongst 'Randomness'
  • #135,615
  • Nov 4, 2022 1:59am Nov 4, 2022 1:59am
-
Quoting Tekkies
{image}
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XAUUSD Nov04 H4 London open hour

- very bullish price



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #135,616
  • Nov 4, 2022 2:20am Nov 4, 2022 2:20am
Quoting emmanuel7788
-{quote} XAUUSD Nov04 H4 London open hour - very bullish price {image} {image}
Focus on the chart's timeframe.
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  • #135,617
  • Nov 4, 2022 2:24am Nov 4, 2022 2:24am
Quoting emmanuel7788
AU Nov04 H4 - TDI lovers must have been tempted by that last 4hr candle {image}

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AU Nov04 H4 TMS London 9am

Big E' Pacific 2AM 4hr candle

- I love PA with MOMENTUM for trade setup ... its A+++ setups

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #135,618
  • Nov 4, 2022 2:27am Nov 4, 2022 2:27am
Quoting Tekkies
{quote} Focus on the chart's timeframe. {image}

yes @Tekkies

buyers thank you for the money


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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #135,619
  • Nov 4, 2022 2:28am Nov 4, 2022 2:28am
just taken
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the cautious seldom err....C
  • #135,620
  • Nov 4, 2022 2:30am Nov 4, 2022 2:30am
Quoting pips29
M15 trade {image}
woke up to find this trade hit
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the cautious seldom err....C
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