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Trading Made Simple

  • #61,261
  • Oct 8, 2015 12:17pm Oct 8, 2015 12:17pm
Hi Guys,

first thanks to Big E for making that thread and system, may he rest in peace!

I have been trading the system today according to the rules and did put on some trades this morning at London Open. My results:

http://s24.postimg.org/79oekizwl/Untitled.jpg

If you look at the trade-entry times and check the setup, you´ll see that it was all correct setups, at least if I am not missing something completely. So honestly, is anyone making consistent pips on a daily base with this system?
  • #61,262
  • Oct 8, 2015 1:10pm Oct 8, 2015 1:10pm
Took a long on a bullish NZDUSD close above DOL away from EMA's and good angle. closed near 0.665 before FOMC minutes . Took +25 pips on average. Shot up another 50 pips but hindsight 20/20..

EURAUD trade also left +100 pips on the table. Closed this one prematurely tbh. consolidations above 1.5650 wasn't sufficient reason to close

Best,
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  • #61,263
  • Oct 8, 2015 1:14pm Oct 8, 2015 1:14pm
Quoting geektrader
Hi Guys, first thanks to Big E for making that thread and system, may he rest in peace! I have been trading the system today according to the rules and did put on some trades this morning at London Open. My results: http://s24.postimg.org/79oekizwl/Untitled.jpg If you look at the trade-entry times and check the setup, youll see that it was all correct setups, at least if I am not missing something completely. So honestly, is anyone making consistent pips on a daily base with this system?
Hi geektrader

It would have been great if you would post those chart showing your entry. So that we all could learn when you get answered .Failed to understand the time frame you used for entry sorry for my lack of understanding. Just looked at GBPUSD sell trade is it 1.53189 where you enter? which TF? Could you please post that chart dragging the entry from history tab.
Sad i'm not trying to understand PA
  • #61,264
  • Oct 8, 2015 4:40pm Oct 8, 2015 4:40pm
All entries have been taken exactly according to the rules, even the slopes did match. All trades have been losers. You can see the trade open times in the picture I´ve posted. So honestly, who is really making consistent money with that? Because I highly doubt that this is the case. Sure people post their successful trades here, but do they post their losers too? I doubt it. In any case, what I am trying to see: will someone post their account that shows a steady growth with trading this system?
  • #61,265
  • Oct 8, 2015 4:50pm Oct 8, 2015 4:50pm
Meanwhile, just one example:

http://s12.postimg.org/w52y7wzkd/loss.jpg
  • #61,266
  • Oct 8, 2015 4:56pm Oct 8, 2015 4:56pm
Quoting geektrader
All entries have been taken exactly according to the rules, even the slopes did match. All trades have been losers. You can see the trade open times in the picture Ive posted. So honestly, who is really making consistent money with that? Because I highly doubt that this is the case. Sure people post their successful trades here, but do they post their losers too? I doubt it. In any case, what I am trying to see: will someone post their account that shows a steady growth with trading this system?
In my limited experience, Daily chart shows that last one was suicide; always check the D1 before any 4H trade. (And avoid the exotics like that huge ZAR trade like the plague)
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  • #61,267
  • Oct 8, 2015 5:07pm Oct 8, 2015 5:07pm
Why? The initial system description says to buy or sell whenever there is a TDI cross. Exactly that simplicity is what is described here. The author explicitely mentioned that it is that simple and not needed to look at other timeframes. So as I said, this system does NOT work as it was described and in the whole thread there is complete lack of someone showing his account how he makes steady profits with the system. All I see are charts with cherry picked winning trades.

I think this just gives the wrong impression for newbies that will waste their money. And no worries, this was a demo account, I am a full time trader since 8 years. Just finally wanted to check this "easy" system, and like most, it doesn´t work at all, at least not on a steady base. Still would love to be proven wrong if someone wants to show their accounts....
  • #61,268
  • Oct 8, 2015 5:23pm Oct 8, 2015 5:23pm
Many of the good traders here post their results; here's one of my doubled demo accounts before I went live last week; it was done only trading daily per rules. As you can see it has various straight losses I just didn't give up; it is Easy, but you still have to work for it. (Account started at 10k)
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  • #61,269
  • Oct 8, 2015 5:34pm Oct 8, 2015 5:34pm
Yes, I have the same as you, but losers are outweighting winners over several weeks. So anyone here who is trading this long term and dare to show her/his account?
  • #61,270
  • Oct 8, 2015 5:35pm Oct 8, 2015 5:35pm
Quoting geektrader
Meanwhile, just one example: http://s12.postimg.org/w52y7wzkd/loss.jpg
Maybe I don't understand it. But when I see the chart, you're right that you lose some money on this trade. But you not mention, that you win some money when you take the second trade long... There is no holy grail, So sometimes you will lose some money. Overall I think this is a good system..

Also I see that the candles are above the MA
  • #61,271
  • Oct 8, 2015 6:50pm Oct 8, 2015 6:50pm
GBPUSD D1 chart Friday 9 Oct.
Yesterday we saw it tested and broke the last recent support.
There was pull back on lower TF but the bullish correction resumed after that.
Do you want to buy today?

This chart posted at the beginning of this week. You need to update your own chart and share what you see now.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,272
  • Oct 8, 2015 8:32pm Oct 8, 2015 8:32pm
Emm, has been learning Big E's first proposed TMS rule, I read all of his posts, and then I use the rules to feel this market, but now the post has developed to 3064, I still have a lot of interest, such as I see you later proposed TMS-II, and WRB, such as these, there are some of the money management you have posted I also downloaded, but let me find them and learning is difficult, because the English is not very good, so you can get them out of the link? Is in addition to the original rules of Big E after you put forward the theory of all the documents, I am very interested, want to learn about, very grateful, the best wishes to you
  • #61,273
  • Edited 9:20pm Oct 8, 2015 8:47pm | Edited 9:20pm
2 bad trades, 2 winners today.

EUR/CAD -26.5pips (-530$)
GBP/USD -31.5pips (-220$)
USD/CAD (still open) +20pips (+486$)
GBP/JPY + 43.5 pips (+43,600JPY (+363$))
Overall +89$ today.

I think i was wanted to trade too much this morning should have waited more. (my 2 losses)
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  • #61,274
  • Oct 8, 2015 8:53pm Oct 8, 2015 8:53pm
Emm, such as you mentioned WRB, I understand that in this candle, all the price behavior is around the candle's high and low point of shock, do not know what I say? That is to say, WRB must be confirmed according to the price behavior of the back. And to treat the WRB is, if there is enough space for high and low, then you can high throw bargain - hunting, if it is a narrow then waiting for a breakthrough?Is it just like the chart I posted?
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  • #61,275
  • Oct 8, 2015 8:57pm Oct 8, 2015 8:57pm
GBPUSD 9 Oct D1 buy

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,276
  • Oct 8, 2015 8:58pm Oct 8, 2015 8:58pm
Quoting allenbrown97
So, I know this method is originally designed for the 4 hr timetable, and Big E uses it overnight. I also know he said he will jump in a trade without waiting for candle closure if he sees a setup, but usually only looks on the 4 hr chart. What I would like to know is how many people adhere to the overnight and out by 6 rule, vs let the trade ride if its a winner? Also, how many of you adhere to overnight only and stay out when the NY market is rolling? Thanks, A
Just for my knowledge, do you have the post where Big E said he would "jump in a trade without waiting for candle closure if he sees a setup" because I might have missed that one. Thanks.
Scared money DON'T make money!
  • #61,277
  • Oct 8, 2015 9:07pm Oct 8, 2015 9:07pm
Quoting profitman
{quote} Just for my knowledge, do you have the post where Big E said he would "jump in a trade without waiting for candle closure if he sees a setup" because I might have missed that one. Thanks.
that would be in one of his posts:http://www.forexfactory.com/showthre...78#post4803578

that's is when he was scalping the H4 chart and using that TDI Red Green.

if you use the TDI-RT, you can do that too only when you know the price action candles well.

a clue is here: http://www.forexfactory.com/showthre...99#post4746699
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,278
  • Oct 8, 2015 9:31pm Oct 8, 2015 9:31pm
Quoting TheScorpS
{quote} Just bad luck, got filled on this one into the pip, formed PCRF on H1 and reversed {image}
I suspected you'd have you're eyes on this one TSS Nice Catch!

Looks like your entry was slightly more aggressive since I waited for a break of FO which cost me this time...

Did you catch any of the move south? I was unable to trade these hours unfortunately...
Focus on the process and the profits will follow
  • #61,279
  • Edited 10:33pm Oct 8, 2015 10:15pm | Edited 10:33pm
Quoting emmanuel7788
{quote} that would be in one of his posts:http://www.forexfactory.com/showthre...78#post4803578 that's is when he was scalping the H4 chart and using that TDI Red Green. if you use the TDI-RT, you can do that too only when you know the price action candles well. a clue is here: http://www.forexfactory.com/showthre...99#post4746699
Thanks man, this helps me out. Sometimes i wondered how Big E caught the 1st candle cross, perhaps at the beginning there were no crosses but as time and candle developed the TDI might have signaled a cross later and he took it as he saw it. I know his TDI doesnt refresh but if he was scrolling down TFs its possible it did refresh without him intentionally doing it. Just speculation, but it seems like u would HAVE to take a TDI cross on OPEN candle for it to be candle # 1 right?
Scared money DON'T make money!
  • #61,280
  • Oct 8, 2015 10:51pm Oct 8, 2015 10:51pm
Quoting Ballistical
{quote} I suspected you'd have you're eyes on this one TSS Nice Catch! Looks like your entry was slightly more aggressive since I waited for a break of FO which cost me this time... Did you catch any of the move south? I was unable to trade these hours unfortunately...
Yes I went before the eventual breakout as I was expecting this to happens , sometimes I do that based on momentum at LO opens , later after my entry it did an even better price on retracing to ema 10 on M5 which was best entry on the rejection

Then I only watched the market and didnt take any
I Have Learned to Take Some Losses to Make Profits
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