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Trading Made Simple the right way, and other trading lessons 329 replies

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Trading Made Simple

Quoting emmanuel7788
{quote} Yes! @Tekkies It is H1 view on M5 It is M5 entry trading TMS_EVO_2023 Do you remember TMS EVO 2018? > {here} {image} ...
Are you really that brave to refer to TMS EVO 2018?
The last time I checked you were extremely luck to get out of that hole you dug for yourself.
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How much money did you deposit to trade those lot size that took you out of the hole?
Quoting Tekkies
{quote} Are you really that brave to refer to TMS EVO 2018? The last time I checked you were extremely luck to get out of that hole you dug for yourself. {image} How much money did you deposit to trade those lot size that took you out of the hole?
@Tekkies

That was the first year trading Big E 5-Method without the TDI.

Its okay to suffer some losses but worked on the recovery system and made it +57% for the whole 12 months.

2019 was better with a recovery system working according to plan.

The most important thing is no Margin Call like you suffered in that same year 2018.


TMS EVO 2018

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TMS EVO 2019



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting Tekkies
{quote} Are you really that brave to refer to TMS EVO 2018? The last time I checked you were extremely luck to get out of that hole you dug for yourself. {image} How much money did you deposit to trade those lot size that took you out of the hole?
@Tekkies

How much money did you lose with your 5,000 trade losses?



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting Tekkies
{quote} I know, it's terrible. Must really try not to argue with TDI and Stoch. {image} By the way Vincent, seeing you like to repost my TE for 2022. Where is your visible TE's for 2022?
Looks to me your issue is in trading psychology, not the system hey?
Your winners should smaller than losers and risk contained on every trade.
Quoting tassiebear
{quote} Looks to me your issue is in trading psychology, not the system hey? Your winners should smaller than losers and risk contained on every trade.
He’s problem is money management, you can watch his trade report! He actually won more pips than he lost. Like 1000pips difference i guess, but maybe he’s doing a bad risk management.
Need some insight on intraday trading using the 1D and 1H charts. UK based trader so always get my trades on or have my orders set up before the London open or the US open depending on the on the pair and what news is due on the day. However on trades where I don't get the movement I wanted and price tightly ranges throughout the day, would you leave the trades on over night or close up at the end of the days session and look for better openings the next day?
Both of you are correct.
- Can not accept I am wrong when price goes against order. (Argue with TDI).
- Account is to small for the lot size placed.

a Major factor which is big problem in South Africa is load shedding (not enough electricity) nationwide. It can be as long as 2 to 6 hours with no electricity per working day
Not to mention theft. You wake-up in morning they stole the WiFI tower, the cable's and for good measure the street as well.
(What they cannot steal, they break.)
Quoting tassiebear
{quote} Looks to me your issue is in trading psychology, not the system hey? Your winners should smaller than losers and risk contained on every trade.
he does not know anything about trading psychology, simply put...he does not have the metal fitness to be trader.

he has many other life issues which he has yet to find solution on his own.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting tassiebear
Thanks Emmanuel, I've added the ema5 and round numbers to my template. https://www.tradingview.com/x/3bHdvBtr/ I see what you mean with the PPA, I missed this. I'm not quote used to trading with HA candles yet and still learning, thanks for positive feedback. The reason i use Tradingview as opposed to MT4/5 is that i feel way more comfortable on tradingview and pinescript, i write my own custom indicators and send alerts to my discord server where i keep my journal based on the alerts i receive. I believe my TDI indicator is fairy similar...
@tassiebear

the 5bar swing high / swing low is what Big E showed us in 2009 in his old thread when he posted many tutorial videos on the Natural Flow of the Forex Market
https://www.forexfactory.com/thread/...hastics-method
Unfortunately most of the videos are no longer available in the public domain.
The one I posted is in vimeo { here }

just a few examples below:
- how to trade the 5-Method without any indicators




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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
I see a signal in AUDJPY, new H4 candle in 22 minutes.
https://www.tradingview.com/x/47RlSMZy/
Quoting Tekkies
Both of you are correct. - Can not accept I am wrong when price goes against order. (Argue with TDI). - Account is to small for the lot size placed. a Major factor which is big problem in South Africa is load shedding (not enough electricity) nationwide. It can be as long as 2 to 6 hours with no electricity per working day Not to mention theft. You wake-up in morning they stole the WiFI tower, the cable's and for good measure the street as well. (What they cannot steal, they break.)

No matter where in the world you are you can do the same trades as anyone else as long as you have the right mindset and you follow your system.
I've been trading for years now and I'm mostly break even trader, sometimes i ramp up wins just to destroy the gains later. I know its not the system buy my mindset that causes these issue.

I think the most important thing is to own it. Own your mistakes and learn from them. I have a full time job and three kids, most if the time i cant sit in from on the charts. So i devised a trading approach that helps me with this. I trade H4 or D1 charts. I listen to podcasts and read books about trading psychology on my way to and from work. I never risk more than2% on any trade.
Quoting emmanuel7788
{quote} @tassiebear You are not following this thread's OP TMS 5-Method chart template PA is the APB/HA candle and the 5EMA, Typical Price, Shift+2 is the direction. Post#261. Many traders have failed over the past 12 years when they did not start with the basics of TMS 5-Method which are in Post#261. Most failed and will fail when they do not understand Price Action + Support/Resistance trading. On your AJ H4 chart, I made some comments: > observe previous price action PPA...
I see what you meant here, and i adjusted the chart.
Quoting emmanuel7788
{quote} @tassiebear the 5bar swing high / swing low is what Big E showed us in 2009 in his old thread when he posted many tutorial videos on the Natural Flow of the Forex Market https://www.forexfactory.com/thread/...hastics-method Unfortunately most of the videos are no longer available in the public domain. The one I posted is in vimeo { here } just a few examples below: - how to trade the 5-Method without any indicators {image} {image}...
If i get it right - in an uptrend, you look for a candle that closes higher with upper wick, and when next candle is the inside bar - these two are now your candles 3 and 4 of this setup. if next candle closes below candle 1 like in the screenshot?
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OK gents I have a question.

Here is my analysis on Nasdaq is in the screenshot.

https://www.tradingview.com/x/MypKtj2r/


is it OK to enter couple of candles after the signal if the price hasn't moved yet and I'm expecting breakout?

additional confirmation here is a failed short signal, and daily and weekly are bullish.
Quoting emmanuel7788
{quote} he does not know anything about trading psychology, simply put...he does not have the metal fitness to be trader. he has many other life issues which he has yet to find solution on his own.
At least I don't post lies about swimming pools. there is no honesty in that.
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Quoting tassiebear
{quote} If i get it right - in an uptrend, you look for a candle that closes higher with upper wick, and when next candle is the inside bar - these two are now your candles 3 and 4 of this setup. if next candle closes below candle 1 like in the screenshot? {image}
TDI green cross red does that for you automatically.
- strength (momentum) of that pull back (angle above/below 2/4)
- close or above/below the 68/32 line a possible indication of a new trend.
- closes higher with upper wick, and when next candle is the inside bar (is part of Post#647 > Look at the candles on the last reversal... big, little, what)
- Nr 5 on chart will be (not sure) candle 3, sell entry run the risk of going nowhere.
Quoting Tekkies
{quote} At least I don't post lies about swimming pools. there is no honesty in that. {image}
hey @Tekkies

when you can trade and can trade a US$200,000 account and make a monthly average 10% consistently for a period of 36 months, you can dream of this pool with wooden deck for your grandchildren to enjoy.

>> first, learn to trade without any TDI and Stochastics

>> second, start with US$10,000 and grow that account to $50,000.
How many trades does it require to grow from $50,000 to $200,000.
let me give you a hint. It only require about 600 trades in 6 months trading period to achieve that.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting tassiebear
{quote} If i get it right - in an uptrend, you look for a candle that closes higher with upper wick, and when next candle is the inside bar - these two are now your candles 3 and 4 of this setup. if next candle closes below candle 1 like in the screenshot? {image}
Trading Made Simple 5-Method work only in two market type conditions.
1) Trending Market Type
2) Sideways Wide Range Market Type

TMS 5-Method will fail in type 3) Sideways Narrow Range Market Type

On your TV chart using HA candles, you cannot see the market price OHLC, that is a disadvantage. Unless you can see the price OHLC and have the HA candle in the background, then you will see the Price Action with the bar chart and also the HA candle body.
Remember, the TDI#25 default setting calculates the RSI green price line using the Typical Price Close and it updates only when the last bar closed.
With this 5bars swing high reversal setup you do not need the TDI. Study old charts and you will understand why Big E mentioned in his Post#2617.


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on my MT4 chart below, I have the Simple Moving Average 1-period set to Typical Price, you will see the white line on my chart. This is a good indication of the RSI green price line momentum.



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting tassiebear
I see a signal in AUDJPY, new H4 candle in 22 minutes. https://www.tradingview.com/x/47RlSMZy/
AJ Jan11 H4 with Weekly candle view

> Market Type 2) Sideways Wide Range

> continuation of previous Week PA

> do you know what that big Weekly candle is?

> there is potential to hit WCC High @92.00

> it is a Money Management game we all play in this market



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} AJ Jan11 H4 with Weekly candle view > Market Type 2) Sideways Wide Range > continuation of previous Week PA > do you know what that big Weekly candle is? > there is potential to hit WCC High @92.00 > it is a Money Management game we all play in this market {image}
I see that high for sure. I have alert set for .9188 where I will take partial profit for 1.5R and move sl to BE if we get there.
Otherwise I will watch tdi green line.
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