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Trading Made Simple

  • #61,941
  • Oct 22, 2015 6:08pm Oct 22, 2015 6:08pm
Quoting LvCa
{quote} Hi Emmanuel you are right , dont' try too much as to where price can go . Unfurtanely i don't know english very well and i can't tell what i think :-( Thank you.

Hi LvCa,

Your English is perfect and my Italiano is zero.
We use our charts as our common language.
Everyone should do the same and post their charts.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,942
  • Oct 22, 2015 6:21pm Oct 22, 2015 6:21pm
Quoting efestus
I am beginning to feel this market is hunting me. Can someone paste their losing trades also. All I see is win all day, Regards, Festus
Hi Festus,

The market hunts me too they way it hunts you.
Many retails traders are losers in the long term. The statistics say 95%, I don't know if that 95% is accurate but the percentage of losers far outweigh the winners over long term. You look at the number of new brokerage firm in the recent years, what do you make of it?

One of the problem I see with TMS traders is how they position their trades and the use of initial stop loss. Many trade with very small account and do not use position sizing. They trade with single entry and single exit. They just want to make some money regardless of what the market volatility is. Using small SL is where the market will hunt these whether they trade M5, M15, M30, H1 and even H4. Many lack the basic skills in trading. They will learn from their winners and losers, and that will require time and cost them tuition money.

Trade the Day chart, use risk % and position sizing, have a SMART cut loss method and you will survive longer in this brutal market.

Don't give, keep going at it with clear focus on what your personal goals are when you decided to trade this spot forex market.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,943
  • Oct 22, 2015 7:00pm Oct 22, 2015 7:00pm
USDJPY week 43 day chart trades:

Just closed some positions and keep remaining protected and running over the weekend.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY week 43 d1 chart trading.png Size: 51 KB


Day chart trading is less stressful and can be made easy when you have mastered the 5-Method and you can trade with more confidence. the 5-Method is simple, but you need to have a proven Money Management strategy to go with it. You must train and develop the mental fitness and condition yourself to be a trader. Think like an investor, trade like an investor. All these put together will form a big part of your winning edge.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,944
  • Oct 22, 2015 7:10pm Oct 22, 2015 7:10pm
Quoting efestus
I am beginning to feel this market is hunting me. Can someone paste their losing trades also. All I see is win all day, Regards, Festus
hi...market always hurts u...dont worry...enter again enter but enter with small lots....when u feel confident then enter with large lot....u know i lost all my savings in 3months.....my profits and all savings in account ....i.e 12k with 0.2 lot .....but i feel i done mistakes...i never do forex again......i stopped for one month...then again i entered with 0.01 lot when i feel ok now then i enters trade again....i do all experiment only in live because demo will give relax but not confidence....if we enter in real trade we are always new to trade.....just trust urself...."i will do it not immediately but definitely"....
  • #61,945
  • Oct 22, 2015 7:15pm Oct 22, 2015 7:15pm
Quoting okoso
{quote} Hi. Here is the description about TOK 5H breakout description. I think the author of this is our great mentor, Emmanuel. So thank him!! okoso {image}

Thankyou Mr Okoso and Mr Em! This will help alot!!
why do we fall? So we can learn to pick ourselves up.
  • #61,946
  • Oct 22, 2015 7:23pm Oct 22, 2015 7:23pm
Hello everyone,

It just seems to me that the big guys run up the prices just prior to the new month. In my opinion it seems that they are waiting for the NFP report on the first Friday of the new month.
  • #61,947
  • Oct 22, 2015 7:26pm Oct 22, 2015 7:26pm
Here another live market screen capture of the TDI Red Green (re-painting) and TDI RT (non-repainting) versions in action h1 chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H1 TDI compare.png Size: 61 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,948
  • Oct 22, 2015 7:35pm Oct 22, 2015 7:35pm
Quoting vernaf09
{quote} hi...market always hurts u...dont worry...enter again enter but enter with small lots....when u feel confident then enter with large lot....u know i lost all my savings in 3months.....my profits and all savings in account ....i.e 12k with 0.2 lot .....but i feel i done mistakes...i never do forex again......i stopped for one month...then again i entered with 0.01 lot when i feel ok now then i enters trade again....i do all experiment only in live because demo will give relax but not confidence....if we enter in real trade we are always new...

I like your honesty.

I too have my long streaks of losing in my 20 years trading the stock markets. Every time I suffered losses, I had not gave up. I learn from my losses as I also learn from my winners. Never let your losses impact your life and your family, this is very important. I have over those 20 years conditioned mu mind for losers and I know how to handle myself as a trader when I have losses. When I have winners, I won't jump with jubilation and start celebration. I just continue with business as usual and repeat what I do and focus on what do best in life as a trader. Stay away from all the online chatter about trading. These online chatter will not help you improve when you are trading live. Keep your mind free from all these nonsensical online chatter. It will be different if you can separate lll the online chatter when you are live trading and not let these affect your thought process while trading live.

back in 4 hours...\

meantime , be good.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,949
  • Oct 22, 2015 7:37pm Oct 22, 2015 7:37pm
Would someone be kind enough to post the latest tools used for this system, indicators/EA etc. I have read through most of the pages in this thread but it gets confusing when multiple indicators and EA are posted and even more confusing when you don't which one has been updated or not.
  • #61,950
  • Oct 22, 2015 7:51pm Oct 22, 2015 7:51pm
Quoting emmanuel7788
{quote} I like your honesty. I too have my long streaks of losing in my 20 years trading the stock markets. Every time I suffered losses, I had not gave up. I learn from my losses as I also learn from my winners. Never let your losses impact your life and your family, this is very important. I have over those 20 years conditioned mu mind for losers and I know how to handle myself as a trader when I have losses. When I have winners, I won't jump with jubilation and start celebration. I just continue with business as usual and repeat what I do and...
thanq very much....actually i want to learn so much...but how to start i dont know....but i want to live with trading....independently ....now am only trading with gbp/usd..but it always gives me surprise...i want new pairs to tade....but am afraid...but with ur indicators just started with 1 hour chart...until till i done with 5 min and 15min...after with huge losses just started 1 hour...please can u give little advices .....
  • #61,951
  • Oct 22, 2015 8:15pm Oct 22, 2015 8:15pm
Quoting emmanuel7788
{quote} Hi Festus, The market hunts me too they way it hunts you.
. regards,
Good Day Mr Emma,
I am happy with your response,
I think i still have a rookie problem in me, mostly the timing, then the patience and also my SL,
you have spoken very wisely, I greatly appreciate your opinion.
I have gone back to post by Big E, you and Phx62.
All of great post, I try to look at the trades that was lose and reason behind it,
That's why most times i paste my losing trade not because the system is losing but i need guidance which also in recent times your have being very generous with your support. I'm sorry about your 20 years in stock market, but i am indeed happy you are making green pips in spot forex now.
you are also right about emotions, i have learn to control emotions in a lose/win scenarios, every profession has its bad time and forex is no exception.
Once again, Thank you very much for your time and reply, it was indeed very helpful and deeply appreciated.
Hopefully, some day would come i would be among the league of legend trading TMS just like you .
DO have a nice day.

Regards,
Festus
Motivation is what gets you started. Habit is what keeps you going
  • #61,952
  • Oct 22, 2015 8:18pm Oct 22, 2015 8:18pm
Quoting vernaf09
{quote} hi...market always hurts u...dont worry...enter again enter but enter with small lots....when u feel confident then enter with large lot....u know i lost all my savings in 3months.....my profits and all savings in account ....i.e 12k with 0.2 lot .....but i feel i done mistakes...i never do forex again......i stopped for one month...then again i entered with 0.01 lot when i feel ok now then i enters trade again....i do all experiment only in live because demo will give relax but not confidence....if we enter in real trade we are always new...
Good Day Mr V,
I am so sorry about your lose,
I hope you gain much more in later time
I would take your advise.
I do appreciate the time taken to reply my message, it was very much appreciated.

Regards,
Festus.
Motivation is what gets you started. Habit is what keeps you going
  • #61,953
  • Oct 22, 2015 9:41pm Oct 22, 2015 9:41pm
Quoting emmanuel7788
{quote} Hi Festus, The market hunts me too they way it hunts you. Many retails traders are losers in the long term. The statistics say 95%, I don't know if that 95% is accurate but the percentage of losers far outweigh the winners over long term. You look at the number of new brokerage firm in the recent years, what do you make of it? One of the problem I see with TMS traders is how they position their trades and the use of initial stop loss. Many trade with very small account and do not use position sizing. They trade with single entry and single...
Hi Emmanuel,

You mentioned in this post about SMART cut loss method. Please can you guide where can i read about this or you written here some time.

To trade on day chart basis , money management is key, so how can i develop proven money management strategy.

Thanks
MK
  • #61,954
  • Oct 23, 2015 12:25am Oct 23, 2015 12:25am
Quoting cafine5123
Would someone be kind enough to post the latest tools used for this system, indicators/EA etc. I have read through most of the pages in this thread but it gets confusing when multiple indicators and EA are posted and even more confusing when you don't which one has been updated or not.

Hi,

You are new to this thread. You have to start somewhere. You can either start reading from post#1 or you can do it the smart way by reading this post link.

Introduction to Trading Made Simple Post#57,854

The two latest indicator we use are the Synergy_Pro_APB and the Synergy_Pro-TDI. Both indicators are found in links provided in the above post 57854.

Take your time and read that post and follow all the links diligently. You will learn plenty and that will be your foundation to trading the 5-Method.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,955
  • Oct 23, 2015 12:34am Oct 23, 2015 12:34am
Quoting Moonbeam15
Hello everyone, It just seems to me that the big guys run up the prices just prior to the new month. In my opinion it seems that they are waiting for the NFP report on the first Friday of the new month.

Hi,

The smart money moves the market. We small retail traders get slaughtered every minute, every 15-minutes, every 30-minutes, every 60-minutes, ....
This goes on and on and on .... but everybody believe they can make money, anybody can make money so can they, nobody knows who actually makes money, somebody must make money.

Look at the weekly chart, how often do NFP reverse the weekly chart trend?

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,956
  • Oct 23, 2015 12:43am Oct 23, 2015 12:43am
Quoting mkfx
{quote} Hi Emmanuel, You mentioned in this post about SMART cut loss method. Please can you guide where can i read about this or you written here some time. To trade on day chart basis , money management is key, so how can i develop proven money management strategy. Thanks MK

Hi mkfx,

SMART Cut Loss is a trade management method used in a proprietary trading system which does not run in MT4. I follow the methodology for a few years and have adapted that trade management exit strategy in my forex trading using my Multiple Entries /Multiple Exits ME/ME strategy. I have my own indicator which helps me look at the cut loss levels when I have open positions.

If there is interest, I can run live trades next week and show how the SMART Cut-Loss work with ME/ME trades. It does not work with Singe Entry/Single Exit or Single Entry/Multiple Exits strategy.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,957
  • Oct 23, 2015 12:48am Oct 23, 2015 12:48am
AUDJPY H1 intraday.

AJ rallied this morning when Sydney open. Not a good idea to be chasing this pair today. Go look for another pair to trade when London Open.

This weekend we will have DayLight Saving Time change in the UK and Europe. So next week, there will more hours between Tokyo open till London open.
This is when the TOK_5H breakout strategy will work best.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,958
  • Oct 23, 2015 12:56am Oct 23, 2015 12:56am
Quoting robuk
{quote} Thanks for replies on this question - but I don't think I phrased the question too well. What I really wanted to ask is ''if the TDI is showing like this (a good looking TDI ) would the fact that the stoch is so high make anyone not take the trade , or be more hesitant in doing so , or does the stoch just have to be pointing in the right general direction '' any replies much appreciated .
Today example of question I was asking -- any comments appreciated
Attached Image (click to enlarge)
Click to Enlarge Name: GAA 23 10.png Size: 59 KB
  • #61,959
  • Oct 23, 2015 1:16am Oct 23, 2015 1:16am
Quoting robuk
{quote} Today example of question I was asking -- any comments appreciated {image}
Hi,

I ignore the Stoch. It is just for direction the way Big E uses that.

One more day candle close will confirm the the sell setup, but not today. Wait till Monday open.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD D1 chart 23 Oct.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,960
  • Oct 23, 2015 1:36am Oct 23, 2015 1:36am
Quoting emmanuel7788
{quote} Hi, I ignore the Stoch. It is just for direction the way Big E uses that. One more day candle close will confirm the the sell setup, but not today. Wait till Monday open. {image}
Thanks Emm , I was concerned about the stoch showing OS but I understand now , it just has to be showing right general direction , and not in adverse position .
I took the trade anyway and got a quick 40 pips (Should have been 70 but I was called away ) but 40 is very good for me , so no problem .
Attached Image (click to enlarge)
Click to Enlarge Name: ggaa.png Size: 54 KB
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