Does anyone have a simple calculator for compounding stakes for spreadbetting as opposed to using lots?
I have looked on FF but cannot see anything.
Many thanks
Greenlake
I have looked on FF but cannot see anything.
Many thanks
Greenlake
- #9,882
- Aug 14, 2011 5:58am Aug 14, 2011 5:58am
Hi antantnz. Thanks for sharing your insights. Could you please tell us, which pairs have been 100% winners for you and which aren't working for you?
At the moment though, EJ , GJ , and AUDNZD have been good ones. My worst ones have been USDCAD, GU and EG - I pretty much won't trade EG anymore as it bounces around a bit too much for my liking.
But like everything I say, this is just my experience, trading the H1 with my mind calling the shots. I have no doubt everyone else has different success rates.
[And I know this is more pairs than Big E recommends, but this is me taking the system and testing it to see what works for me].
1 pip at a time ... if the entries are strong, the rest will follow ...
- #9,883
- Aug 14, 2011 7:08am Aug 14, 2011 7:08am
I think most of the your profit woukd get eaten up during the ranging times
I think we are on the same plane again..
From what i have seen with this system,i do agree with you.
it is far more better to trail and get stopped out and re-enter (which big E mentioned he does sometime ago) than to wait for a cross back to occur.
Cheers.
It Is Well With My Soul..(Amen)
- #9,886
- Aug 14, 2011 10:25am Aug 14, 2011 10:25am
Hello everyone!
I have been a trader now for about 3 years.. unfortunately, not a successful one.
I have been reading this thread now for about 4 days, off and on. I understand the premise... very well, in fact have already made some very good trades thus far... however, I was wondering if since the thread has started until now, what with all the issues going on with Greece and all the other Eur countries, not to mention the issues we just faced here in the USA with our own deficit issues.. has anyone noticed weird behaviors in the markets?...
- #9,887
- Aug 14, 2011 11:20am Aug 14, 2011 11:20am
Hi Baba,
Well, you're right about the short-term effect that is created after government interventions in the markets but I also think this chf level against the euro near the 1.0000 mark was classified as 'critical' the same way as the eur/usd last year correction to the upside after the Greek crisis. That's why there were talks about a peg although i think are quite speculative.
I know, the situation is quite different after adding Italy and Spain to the debt crisis and euro is going to depreciate even further but my thought was that SNB would...
@aggravator87,
Yes i agree with you when you said.. '' but my thought was that SNB would try to artificially depreciate the franc driven by economic reasons. We may see another double bottom but I don't know how they would let the eur/chf come down below the 1.0000 level ''
They will not want it to reach that level,because it hurts there economy e.g. key export sector by making its goods less competitive abroad and cutting into companies' repatriated overseas earnings.
For example;In the news today..
SNB has spent 21 billion $ in 2010 for intervention (not successfull !), and they are willing to give this time ‘Several Hundred Billions’.
And they give targets for new shorts at 1.25 - 1.30
They will always try but it depends if other forex factors are in agreement with them.
But wherever they go i do hope and pray we are in the Trend with them.
Cheers.
It Is Well With My Soul..(Amen)
- #9,889
- Aug 14, 2011 1:00pm Aug 14, 2011 1:00pm
- Joined Apr 2011 | Status: "Never Give Up - Never Surrender" | 1,608 Posts
"To live with Passion, it takes Courage and Grace to survive"
- #9,893
- Aug 14, 2011 5:21pm Aug 14, 2011 5:21pm
Hi everybody,
I'm new in this thread, first thank eelfranz for sharing this method and all the actives members that make this thread live with many example, I ll do my first week using this method. Before I was using simple Japanese candle with simple indicator without result.
I hope this method 'll help me to perform on the FX market.
I studied this method during 2 weeks and I hope i understand everything.
Sorry in advance for my newbie question and I hope be soon an active member of the " Made Simple Trader"
I'm new in this thread, first thank eelfranz for sharing this method and all the actives members that make this thread live with many example, I ll do my first week using this method. Before I was using simple Japanese candle with simple indicator without result.
I hope this method 'll help me to perform on the FX market.
I studied this method during 2 weeks and I hope i understand everything.
Sorry in advance for my newbie question and I hope be soon an active member of the " Made Simple Trader"
So I was spending a few hours today studying the EU 1H, 4H, D, etc and when you step back and look at the 4H and Daily charts, this system looks so simple. Enter when you are supposed to, exit with pips, then you could virtually enter again in the opposite direction, make more pips and just keep riding the waves. So, I began to wonder why doesn't it look this simple during live trading hours? Are we trying to rush in to or force trades? Are we caught up over-analyzing 10 different charts? It appears I could make a pretty good living just trading...
"Are we caught up over-analyzing 10 different charts? It appears I could make a pretty good living just trading the EU 4H TMS method." If your backtesting shows you could make a good living trading only that pair...I would completely and thoroughly recommend it above everything else...its much more ideal than trading multiple pairs....you get to know that pair intimately and its fluctuations and movements, and if its providing you with the living you want...why the hell look for more stress....its hard enough as it is. THe real experts that profit consistently from this game will always advise we go back and just pick one pair and trade it. THen if you feel it necessary, spread your wings....but really....why?? this is about making a permanent, consistent income....why over stress yourself if one pair offers you this??
Onto the other part of the question....why does it look so simple after the fact.......its called hindsight.....if we could trade using this we would all be rich
....honestly though.....that point you make is EXACTLY the nuts and bolts of trading.....all of us on this forum can look at the same chart AFTER the trade and we would ALL agree with where we should have entered and MOST would probably agree on the exit....BUT put that same trade in front of the same people BEFORE it occurs and you would probably struggle to find 2 of the same answers.....its human nature you are dealing with...the stress of using money, the pressure of entering a trade....this is why trading is so difficult. You simply can not teach a buch of people to trade mechanically the exact same way. Because this game HAS to fit your personality......and there inlies the difficulty and frustration. This works for BigE becassue he developed it to suit HIS needs and wants. Yes it works for many others and it is a genius method....but the ones it works for have alterd and adapted it to their trading style...this is critical.....I am not saying change it but you HAVE to make it suit you....this could be something as simple as different trading hours...or whatever...this is also why it simply wont work for many. ITs not a criticism of BigE or the method....I love it...but it suits me....it just may not suit others. But if you love it and you see consitent stress free trading in one pair.....I say go for it....honestly this is a very stressful vocation mentally.....dont make it any harder on yourself.
If you are new to this thread and this method (like me), don't worry and don't look for difficulties or problems. Try this method. The rules are simple and clear. Everyone has the possibility of demo trading. When you have losing trades, post them here. The experienced traders in this thread will help you. Expect, that you will lose some trades, as no method will ever be 100% accurate. Just do it (nike). To your question, that you try riding a 4h trade for a few candles: this is nowhere in the rules. If the TDI flattens or makes a hook, exit. I...
Thanks for the reply Milton,
However.. I don't think you understood what my question was. I said, that if you take a trade BASED on the RULES... and you are NOT at your pc.. as in what Big E does.. he sets his trade and goes to bed... so, YOU'RE not there to see if the TDI goes flat or hooks or anything else.. only to find four hours later that the price has moved against you and hit your stop.. again.. because you were not there to monitor it?!
But, my true question is.. since all the Eur crap that's been happening with Greece and everyone else, to include the USA as far as the deficit issues... has any of that effected your trades? In other words.. caused the above scenario to play out?! That's all I was asking. I think this is a great method or I wouldn't be wasting my time typing this!
Thanks for the reply!
Donovan