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Trading Made Simple

  • #34,901
  • Apr 7, 2014 5:23am Apr 7, 2014 5:23am
Quoting emmanuel7788
{quote} Bizzle; In my humble opinion, I think you are over-simplifying things referring to just page 1 or is it post#1. I read all the posts in the CHS thread on 5-Method and all the 463 posts by eelfranz in this TMS thread, eelfranz did not trade the way you are doing here in trading several currency pairs at the same time. He traded standard lots, sometimes 3 to 5 standard lots and usually one to two paris at the same time. I recall some of the skyp sessions he warned us about over trading and over expose our accounts when we trade too many pairs...
Personally I think money, risk and trade management are entirely separate issues as they apply to any system or method of trading, not just TMS. I certainly think Bizzzle is trading in the spirit of Big E's TMS method. As for how much money he has in his account, or how much of it he is exposing, who cares, as he is offering free advise. It would only be relevant if he were providing some kind of signal service (which he isn't).
  • #34,902
  • Apr 7, 2014 5:34am Apr 7, 2014 5:34am
Watching EJ H4 for next 2 hours. Lets see what TDI shows us.

Attached Image (click to enlarge)
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Average Daily High = 18 pips at 141.944 and weekly mid high is at 142.020
Divergence in place (yellow lines)

Any suggestions ?

Regards
  • #34,903
  • Apr 7, 2014 5:40am Apr 7, 2014 5:40am
Tooke a short on the CJ bounce trade. SL to break even at 25 pips if it gets there.

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Attached Image
  • #34,904
  • Apr 7, 2014 5:40am Apr 7, 2014 5:40am
As for today, AUDCAD drives me crazy, it went beautifully up, but there was no clear signal it would. Now waiting for EU to make up it's mind, wasn't sure about
the entry back then so I just marked it with a vertical line (entry would have been on the close of the marked candle/open of a new candle at 10am
timginter,

According to thread owner, yes, there was a long entry at 10am
the cautious seldom err....C
  • #34,905
  • Apr 7, 2014 6:00am Apr 7, 2014 6:00am
Quoting hostwey
{quote} Personally I think money, risk and trade management are entirely separate issues as they apply to any system or method of trading, not just TMS. I certainly think Bizzzle is trading in the spirit of Big E's TMS method. As for how much money he has in his account, or how much of it he is exposing, who cares, as he is offering free advise. It would only be relevant if he were providing some kind of signal service (which he isn't).

hostway:

You missed the point I was making in my post. Read my post again please.

I did not ask Bizzle about his account size, how much money he has in his account, etc. I know those information are private information.
What signal service are you talking about? I made no mention that he is providing any. I don't think he is capable to at this point in time.

I saw many of his trades and he open several pairs at the same time. So if anyone ask about the % risk of all those trades, it is a ligitimate question about risk and money management. IMHO, he was overtrading just to go for the pips and spreading his risk over several pairs at any one time.

We all trade in the same spirit of Big E in this thread by keeping to the 5-Method. How one makes it simple is entirely up to him or her. If someone shares his/her trades here, then he/she must be prepared to take all questions and provide the answers. That's all done in the true spirit of sharing and learning together in this thread. If anyone does not want to take questions and answers them, he/she might as well open up his/her own thread in the Traidng Journal forum to show how his trading performance.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,906
  • Apr 7, 2014 6:06am Apr 7, 2014 6:06am
i sure wish we could keep the arguments about stuff in private messages and not on the public forum. It brings down the whole thing when people argue......
  • #34,907
  • Apr 7, 2014 6:07am Apr 7, 2014 6:07am
EURNZD 7 Apr TOK_5H breakout trade:

A little late entry and missed a few pips. Anyway, it looks good as of now a R:R 1:1 trade.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,908
  • Apr 7, 2014 6:13am Apr 7, 2014 6:13am
Quoting Agk007
i sure wish we could keep the arguments about stuff in private messages and not on the public forum. It brings down the whole thing when people argue......

So long the subject matter is related to trading, I don't see why we cannot post and share our views not matter if the views are different and may be contentious.

We are grown up matured adults and discerning traders so we can all agree to disagree at certain times. What we need is to keep to cordial behaviour and be polite at all times.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,909
  • Apr 7, 2014 6:15am Apr 7, 2014 6:15am
taken 3 trades on H4 at 10 am. The N/Usd is actually taken on tf15 because candles could not close above resistence zone (blue area) for many hours
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the cautious seldom err....C
  • #34,910
  • Apr 7, 2014 6:17am Apr 7, 2014 6:17am
NU week 15 H4 selling is a better idea.

Continuation of weekly bias at favourite seller hunting grounds.

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,911
  • Apr 7, 2014 6:20am Apr 7, 2014 6:20am
Quoting emmanuel7788
{quote} So long the subject matter is related to trading, I don't see why we cannot post and share our views not matter if the views are different and may be contentious. We are grown up matured adults and discerning traders so we can all agree to disagree at certain times. What we need is to keep to cordial behaviour and be polite at all times.
I agree, i just remember times in the history reading through this thread where there were pages of arguments and no real benefit to anyone except maybe the party involved. I'm mostly speaking of those times and how i would like to avoid a repeat. But yes, we do need to keep cordial behavior and continue on.
  • #34,912
  • Apr 7, 2014 6:23am Apr 7, 2014 6:23am
Quoting emmanuel7788
NU week 15 H4 selling is a better idea. Continuation of weekly bias at favourite seller hunting grounds. {image}

was in near the previous day high
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Sad i'm not trying to understand PA
  • #34,913
  • Apr 7, 2014 6:28am Apr 7, 2014 6:28am
Quoting emmanuel7788
{quote} So long the subject matter is related to trading, I don't see why we cannot post and share our views not matter if the views are different and may be contentious. We are grown up matured adults and discerning traders so we can all agree to disagree at certain times. What we need is to keep to cordial behaviour and be polite at all times.
I was here at the beginning of the thread and knew Eric, Emmanuel why are you added all these new things?
Show me where Eric ever traded TOK_5H breakout trade? These trades are from x-mens thread and not from TMS.
Also you have created a TMS II which is a different version of TMS, so like the others who have adjusted TMS to suit them they have created there own thread like x-men and Britpip7. So you should too, This is why new people to the thread get confused and we are losing the real TMS method.

Regards
  • #34,914
  • Edited 6:43am Apr 7, 2014 6:28am | Edited 6:43am
Quoting omonisha
{quote} was in near the previous day high {image}

there is very congested level - Prev W Fib 50%, this week' open, RN , etc. and what I see on you chart is a reversal pattern (Head and Shoulders) and now price is breaking below the neckline.

Also intraday H1 is TOK_5H breakout sell, sell, sell.....

Use intraday entry for 4H swing trading, small initial SL, add positions to full risk and when new trend is confirm.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,915
  • Apr 7, 2014 6:34am Apr 7, 2014 6:34am
Quoting josh11
{quote} I was here at the beginning of the thread and knew Eric, Emmanuel why are you added all these new things? Show me where Eric ever traded TOK_5H breakout trade? These trades are from x-mens thread and not from TMS. Also you have created a TMS II which is a different version of TMS, so like the others who have adjusted TMS to suit them they have created there own thread like x-men and Britpip7. So you should too, This is why new people to the thread get confused and we are losing the real TMS method. Regards

TOK_5H is intraday trading using the same 5-Method. It is tested and proven.

TMS thread is where we share and discuss the 5-Method.

Eric traded with the Tokyo channel unless you did not know that.

I am supporting new traders who wants to learn to trade and to trade the 5-Method.

Come join us if you want to.

Some members have asked me to start a new thread, but I simply don't have the time to start one and manage a new thread. I have my own team to manage and trade with.
Look at what happened to the other threads using the same 5-Method TDI, HA, Stoch, MAs, etc. , I can count more than 5 threads were started and except for Britpip7 the others have all gone quiet.

When Eric was alive he always encourage us to try new things and after we have tested them, he told us to share them here.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,916
  • Edited 6:56am Apr 7, 2014 6:43am | Edited 6:56am
Quoting emmanuel7788
{quote} hostway: I don't think he is capable to at this point in time. . regards, EMMANUEL
Errr.... what makes you decide that Bizzle can't provide signals? I think he is more than competent and capable if he were to offer this service. You can't say that about people.



Quoting emmanuel7788
{quote} hostway: If anyone does not want to take questions and answers them, he/she might as well open up his/her own thread in the Traidng Journal forum to show how his trading performance. regards, EMMANUEL
No... no... posters here can decide what they want to answer. Its purely voluntary.. come on Emmanuel.... stop making rules in this thread and expecting people to abide by them. Its fine if you want to follow your own rules but don't police the rest of us.
.... laughing all the way to the bank
  • #34,917
  • Apr 7, 2014 6:45am Apr 7, 2014 6:45am
Quoting khanhtrinhmd
I see many divergences of EUR pairs. I took two trades today, one trade on EJ and one trade on ECAD. I wrote the reason for trading in these pictures below. Please tell me your opinions. Thank for considering. EURJPY {image} EURCAD {image} EURAUD {image}

Divergence is good but wait for the PA reversal to confirm.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,918
  • Apr 7, 2014 6:50am Apr 7, 2014 6:50am
Quoting itsallover
{quote} Errr.... what makes you decide that Bizzle can't provide signals? I think he more than competent and capable if he were to offer this service. You can't say that about people. {quote} No... no... posters here can decide what they want to answer. Its purely voluntary.. come on Emmanuel.... stop making rules in this thread and expecting people to abide by them. Its fine if you want to follow your own rules but don't police the rest of us.

I am not making rules and neither am I policing this thread. You got things wrong. Maybe people here gave me too high respect.

About Bizzle, that my personal opinion not any decision. Of course you have different opinion on that. We are all at different level of tradinfg mastery.

This thread is not about members posting trade signals. If he wants to he can do so by all means.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,919
  • Apr 7, 2014 6:52am Apr 7, 2014 6:52am
EURNZD minutes to New York Open NYO.

Price pulling back a little at BRN 1.6000.

BRN = Big Round Number.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,920
  • Edited 7:12am Apr 7, 2014 6:55am | Edited 7:12am
Quoting emmanuel7788
{quote} I am not making rules and neither am I policing this thread. You got things wrong. Maybe people here gave me too high respect. About Bizzle, that my personal opinion not any decision. Of course you have different opinion on that. We are all at different level of tradinfg mastery. This thread is not about members posting trade signals. If he wants to he can do so by all means.
Well I question your intent regarding your personal opinion.... if it was meant to sway the public then you have no right nor the authority offering it in public... if on the other hand it was an off the cuff comment, maybe keep negative opinions private.....they are after all your own opinion not to be shared with the public.
.... laughing all the way to the bank
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