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Trading Made Simple

  • #137,721
  • Jan 26, 2023 6:31am Jan 26, 2023 6:31am
Quoting korosh1350
{quote} pluse i choose this trade because of price action resons too .
when you have learned and mastered just a few basic price action setups, then with more trades experience you will have the confidence to trade without the lagging TDI.

just like in Post#2 training chart


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,722
  • Jan 26, 2023 6:40am Jan 26, 2023 6:40am
Quoting havenoidea
{quote} too much trades, need quality trades, instead of trading every signal

he does not understand what is quality trades.

he has more problems than that. his winners are tiny small and his losers are more than 50 times his loser

he does self sabotage to himself as the trader.

jmn5611 already told him in Feb 2017 but he simply does not read

https://www.forexfactory.com/thread/...22#post9577122
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,723
  • Jan 26, 2023 6:41am Jan 26, 2023 6:41am
Quoting emmanuel7788
{quote} when you have learned and mastered just a few basic price action setups, then with more trades experience you will have the confidence to trade without the lagging TDI. just like in Post#2 training chart {image} {image} ...
Other then you here on this thread there is no awareness of calendar events.I find that weird like mechanic without tools.
Any system that doesn't factor events and their impact on price is irrelevant to me.
regards
In trading, you have to be defensive and aggressive at the same time
  • #137,724
  • Jan 26, 2023 6:44am Jan 26, 2023 6:44am
Quoting Tekkies
Quoting korosh1350
Quoting Tekkies
{quote} - Put those observations into trades. - After you have place a trade use Vincent price action advice (you know those fancy funny words) to describe the candle pattern for that entry. (Remember the question> Can you show readers how Vincent helped you) ------ Here are three trades where BigE post's has help me with clear cut advice. > Did TDI green crossed red with an angle above below 2/4 === Yes > Is Stoch confirming the direction of TDI green === Yes > Basic price action from Post#647
...
A picture is worth a thousand words why you lose more trades that you win when you do not understand Big E' Post#281.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,725
  • Jan 26, 2023 7:54am Jan 26, 2023 7:54am
Quoting Davit
{quote} Other then you here on this thread there is no awareness of calendar events.I find that weird like mechanic without tools. Any system that doesn't factor events and their impact on price is irrelevant to me. regards
Because no news is mentioned in post's does not mean calendar events are ignored.

They have no impact on trading when you follow BigE's advice:
Post#779..........
I depend on the TDI for signals... then as I posted I look for the BASIC things a fx trader should look for before entering a trade.

News... hummm... It can have a big effect on the 5/15/30 minute charts and 1 hour too at certain times. While trading the 4hr charts I don't pay much attention to it UNLESS IT'S a MAJOR news release... If it's major (red on FF Calendar) I'll wait until after the news release and the market calms down...
  • #137,726
  • Jan 26, 2023 10:34am Jan 26, 2023 10:34am
Quoting korosh1350
<p>{quote} i wish it would be as easy as possibble . emmanuel remind me many things like use higher time frame and teach me some reversal price action i teach every day here . by the way i tradr audjpy buy
I see you are falling into the pitfall of holy grail seeking, thinking a complicated method is better than a simple method.

You confused “easy” with “simple”.

One example from my profession. COVID PCR test is so simple that you can do it with 3 bowls of hot to cold waters at home (literally how it was done years ago), but it is difficult to make it right that it requires a dedicated machine and a certified technician to carry out the experiment.

Same for TMS. The rules are simple but traders like to make it complicated instead of focusing on executions.

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but you do you. It is your time and money to waste. Trade safe. Just a heads up on the risk you are following.

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  • #137,727
  • Jan 26, 2023 10:43am Jan 26, 2023 10:43am
Quoting Tekkies
{quote} Because no news is mentioned in post's does not mean calendar events are ignored. They have no impact on trading when you follow BigE's advice: Post#779.......... I depend on the TDI for signals... then as I posted I look for the BASIC things a fx trader should look for before entering a trade. News... hummm... It can have a big effect on the 5/15/30 minute charts and 1 hour too at certain times. While trading the 4hr charts I don't pay much attention to it UNLESS IT'S a MAJOR news release... If it's major (red on FF Calendar) I'll wait...
Last year I liked trading during news time for a quick price bounce off price levels. Very quick profit. The downside is larger spread and unpredictable slippage. Got a +10 pip slippage giving me extra profit before.

Now as I am charting and trading at lower frequency and using alerts, I prefer to avoid news time. Although it is not a rule of the trading method or the prop firm account type, I just don’t. US major news time are usually 8-9pm (NFP, etc) or 1-2am (FOMC) my time.

good to trade at no news days for overnight trades too for those in Asia. My 2 trades last month and one was overnight position and closed manually when price did not reach TP the next morning

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  • #137,728
  • Jan 26, 2023 10:51am Jan 26, 2023 10:51am
Quoting havenoidea
{quote} too much trades, need quality trades, instead of trading every signal
That is correct. Only pick the TDI signals aligning with the other elements of BigE’s TMS method.

post #647
Previous highs and lows
Trend
rejections at previous price levels.

Develop an alert system can reduce your charting time by only trading the TDI crosses meeting the criteria.

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  • #137,729
  • Jan 26, 2023 11:13am Jan 26, 2023 11:13am
Quoting tommydoginti
Been taking time off from trading and work. Last year was great with trading and work bonus. Haven’t traded since Dec19 and be back next week. Exchanged some JPY cash when price retested previous low. TMS trading for actual cash use Now spending JPY in Japan means a >5% discount on anything (plus 10% tax back for foreigners, etc) {image}{image}
Good powder in Japan. Probably good timing to shop before heading back.

trade well

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  • #137,730
  • Jan 26, 2023 11:22am Jan 26, 2023 11:22am
Quoting tommydoginti
{quote} I see you are falling into the pitfall of holy grail seeking, thinking a complicated method is better than a simple method. You confused “easy” with “simple”. One example from my profession. COVID PCR test is so simple that you can do it with 3 bowls of hot to cold waters at home (literally how it was done years ago), but it is difficult to make it right that it requires a dedicated machine and a certified technician to carry out the experiment. Same for TMS. The rules are simple but traders like to make it complicated instead of focusing...
first of all thanks alot . holy grill not at all but i dont think use only tms may not win and i need price action to choose beetween signsls . more than strategy i have serious problem in tp and really confused
  • #137,731
  • Jan 26, 2023 11:25am Jan 26, 2023 11:25am
Quoting tommydoginti
{quote} I see you are falling into the pitfall of holy grail seeking, thinking a complicated method is better than a simple method. You confused “easy” with “simple”. One example from my profession. COVID PCR test is so simple that you can do it with 3 bowls of hot to cold waters at home (literally how it was done years ago), but it is difficult to make it right that it requires a dedicated machine and a certified technician to carry out the experiment. Same for TMS. The rules are simple but traders like to make it complicated instead of focusing...
hey TMS Folks

the 2022 fake trader who uses photoshop editing to create winning trades from losing trades on MT4 charts is back.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,732
  • Jan 26, 2023 11:33am Jan 26, 2023 11:33am
Quoting Davit
{quote} Other then you here on this thread there is no awareness of calendar events.I find that weird like mechanic without tools. Any system that doesn't factor events and their impact on price is irrelevant to me. regards

"Any system that doesn't factor events and their impact on price is irrelevant to me."



we do have a lot of rookie traders here who talk like experts
and the recent one @tommydoginti with less than 2 years trading experience is posting fake photoshop edited charts.
we have called out other fake traders here in the past many years.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,733
  • Jan 26, 2023 11:38am Jan 26, 2023 11:38am
Quoting korosh1350
{quote} first of all thanks alot . holy grill not at all but i dont think use only tms may not win and i need price action to choose beetween signsls . more than strategy i have serious problem in tp and really confused
@korosh1350

you have many more years trading experience than the fake trader @tommydoginti.

you know better what will work for you.

with your experience with MT4 charts you will be able to spot fake trades using photoshop editing tool.

example like this below:

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,734
  • Jan 26, 2023 11:43am Jan 26, 2023 11:43am
Quoting tommydoginti
{quote} Good powder in Japan. Probably good timing to shop before heading back. trade well {image}{image}
welcome back @tommydog...

please read @Tekkies recent posts.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,735
  • Jan 26, 2023 11:56am Jan 26, 2023 11:56am
Quoting emmanuel7788
{quote} @korosh1350 you have many more years trading experience than the fake trader @tommydoginti. you know better what will work for you. with your experience with MT4 charts you will be able to spot fake trades using photoshop editing tool. example like this below: {image} ...
dear emmanuel i have serious problem with sl and tp when i trade 4 h always big sl and i cannot stand on trade i have difficulty to use tdi or ha candle to chasr price also fix tp you are right i have many information but i am really confuse about sl and tp . now i am thinkin of using smaller time frame to accrate entry to balance sl to tp ratio
  • #137,736
  • Jan 26, 2023 12:24pm Jan 26, 2023 12:24pm
Quoting Tekkies
{quote} Because no news is mentioned in post's does not mean calendar events are ignored. They have no impact on trading when you follow BigE's advice: Post#779.......... I depend on the TDI for signals... then as I posted I look for the BASIC things a fx trader should look for before entering a trade. News... hummm... It can have a big effect on the 5/15/30 minute charts and 1 hour too at certain times. While trading the 4hr charts I don't pay much attention to it UNLESS IT'S a MAJOR news release... If it's major (red on FF Calendar) I'll wait...
WOW! @Tekkies

You have finally read Big E' Post#779. Most of your big losers were hit by major news.

Will you make the transition to trade the 4H charts starting next week?

You have high probability to recover from that 387 trades losses and MARGIN CALL would be good.


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Just look at the recent weeks of bull rally and you missed the buy opportunities.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,737
  • Jan 26, 2023 12:24pm Jan 26, 2023 12:24pm
i prefer don't use sl. i always try trade manually. without putting sl or tp.
  • #137,738
  • Jan 26, 2023 12:40pm Jan 26, 2023 12:40pm
Quoting korosh1350
{quote} dear emmanuel i have serious problem with sl and tp when i trade 4 h always big sl and i cannot stand on trade i have difficulty to use tdi or ha candle to chasr price also fix tp you are right i have many information but i am really confuse about sl and tp . now i am thinkin of using smaller time frame to accrate entry to balance sl to tp ratio
the common problem here is most traders trade with small account deposits and do not use Position Sizing strategy.

when trading the higher timeframes - 4H, Daily and Weekly,

the initial stop loss risk is larger but when you use percent of your trading margin and do your trades positions size, the initial risk 'R' is the same even when you SL is 300pips.

Look at Big E' trading. He traded with USD10,000 account and he risked 15% to 30% of his account in one single entry trade. That is the reason why he would exit when the market pull-back after his entry and not wait for the 6am candle exit or the TDI exit.
#557
I don't recommend anyone to trade like him with that huge risk per trade.
Therefore I developed TMS MEME in 2015 to trade with average entry price AEP for 4H swing trading.

You can start with $10,000 account deposit and grow that slowly to $50,000 over time.
When you trade with $50,000 account, TMS MEME will be able to generate a good cash flow to supplement your income.

see this post#65,229 Jan 2015.

I have a 3-year trading cycle running since Oct 2020 and will run till end Sep 2023 (36 months). This account has already hit my target at end Dec 2022.
TMS EVO_2023 is my game plan now.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,739
  • Jan 26, 2023 12:43pm Jan 26, 2023 12:43pm
Quoting Nicco31
i prefer don't use sl. i always try trade manually. without putting sl or tp.
I think you mean you do not place hard SL in your trade terminal, right?

How do you calculate your trade position size without an initial SL in mind?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,740
  • Jan 26, 2023 12:47pm Jan 26, 2023 12:47pm
Quoting emmanuel7788
{quote} TMS EVO_2023 PREVIEW trades closed Jan 16 to 20 - the three amigos AU, EU and GU - there are different ways to achieve Big E' Post #557 and #7555 to make an average $1000 per day over a longer period of 36 months. Do not look for short term get rich quick type gambling. - learn from other traders. Like @Davit in his Pivot Trading thread, learn to trade small positions spread over many entries....
TMS EVO_2023 PREVIEW trades closed Jan 23 to 26

- the three amigos AU, EU and GU

- just closed my last GU basket

- with AU and EU open basket to run

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