I did not take that trade, but I am extremely interested in your TDI chart window. What indicator do you use to get the TDI Wavg Angle and other stats in the right hand corner of the chart? I would like to get my hands on those stats.
Lower risk, stress free TDI system
- #3,665
- Jul 2, 2016 7:07am Jul 2, 2016 7:07am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #3,666
- Jul 2, 2016 7:16am Jul 2, 2016 7:16am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
In other words Emmanuel (A.K.A. Little E), please keep your me/me useless system out of this thread, you are just not wanted!! What does it take to get this through to you!! Thank you.
You are very persistent in trying to get me out of this thread. You have some passion but if your use that passion and energy to learn to trade better and make money, it will be more productive for you. Try to get rid of the jealousy, anger and hatred in you. Your will find bliss in life and you will trade better when you manage your emotions. You want to reach peak performance in trading, you must first find bliss in life.
I did not share any ME/ME system in this thread. I only reply members’ posts here and when there are questions which I think I can be of help to them. My post may not help you but there are other members who benefit from my posts.
If you want me to leave this thread, are you prepared to do something for me? Let me know.
While I wait for your reply, I want to explain a few things here. ME/ME is not a useless system. I attached some information which will explain this and members can read for themselves and decide if it is useful or not.
ME/ME = Multiple Entries / Multiple Exits
It is a low risk money management strategy. It is not a trading system on its own. You can use this ME/ME strategy to trade both the original TMS 5-Method and Medhi’s Method 1 and Method 2. You can trade higher timeframes like H4 and D1 chart timeframes with very low risk and less stress.
When you trade ME/ME using a suitable trade manager EA, it can help the trader to trade semi-automatically and for those traders who have fulltime day jobs, this will be useful to them to be able to trade while they are at work. It is also less stress for the traders as most of the trade management are done by trade manager EA based on preset parameters.
You can read about Entry and Exits strategy by Kathy Lien in her book - Day Trading and Swing Trading the Currency Market.
Also about How to Build a Position by Agustin Silvani in his book - Beat the Forex Dealer.
Attached pdf of some pages taken our of these two books.
I hope these will add to your trading knowledge and make you better traders.
regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #3,667
- Jul 2, 2016 7:20am Jul 2, 2016 7:20am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #3,671
- Jul 2, 2016 10:59pm Jul 2, 2016 10:59pm
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,094 Posts
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #3,674
- Jul 3, 2016 2:39am Jul 3, 2016 2:39am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #3,675
- Jul 3, 2016 2:50am Jul 3, 2016 2:50am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #3,676
- Jul 3, 2016 3:09am Jul 3, 2016 3:09am
{quote} Hi Ray, Don't be sorry. It is good to have disagreement as long as we keep an open mind. I fully agree with you that Medhi' Method 1 for Day chart and Method 2 for both Day and H4 charts trading are very simple trading methods. But there are strengths and weakness in these two methods which newbie traders fail to see, these I will not want to comment. Risk and money management strategies can be complex and never easy for newbie traders to learn. That takes years of live trading experience. There are many books published by professional traders....
you have a point, i just know that if i had just stayed with the basics i learned many years ago instead of spending thousands on courses, systems, and books, now most are free, i would be much better of today, luckily i could afford it as it has always been my hobby, money management? i also learned from a very well respected trader who is a mathematician Mark Boardman that two to one is not the way, it should only be 1and 1/3 or 1 to 1 and a half is he right? i don't know, but it works for me, what i am trying to say, posting Video's, books etc, only leads to confusion, my humble opinion, Simplicity, do the exact same thing every trade, or every day in fact, same money management rule every trade, Griffin Soul, Moonie, Nikki P, Forex Bandit, Merrygold, are all doing the same thing every day and appear to be doing well, you really don't need anymore than that, i think even Einstein said that we moron's cant comprehend simplicity,
all the best Emm
- #3,677
- Jul 3, 2016 3:13am Jul 3, 2016 3:13am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
{quote} Yes Emm you have a point, i just know that if i had just stayed with the basics i learned many years ago instead of spending thousands on courses, systems, and books, now most are free, i would be much better of today, luckily i could afford it as it has always been my hobby, money management? i also learned from a very well respected trader who is a mathematician Mark Boardman that two to one is not the way, it should only be 1and 1/3 or 1 to 1 and a half is he right? i don't know, but it works for me, what i am trying to say, posting Video's,...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #3,680
- Jul 3, 2016 4:10am Jul 3, 2016 4:10am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
{quote} Hi, I apologise if 'newbie' was taken in the wrong sense. So to Griffinssoul, please accept my apologies in calling your a newbie in complex money management strategies. I consider myself newbie in many other aspects of forex trading and in forum where there are many highly experience traders. Look in some other threads, for example this one by Graviton. http://www.forexfactory.com/showthread.php?t=472903 regards,
...... no offense taken emmanuel7788 ...... i also see myself as a newbie in the global arena of fx ...... i have tested many systems over the years cause i enjoy doing it [its like digging 4 gold 
] ...... multiple entries&exits [ME/ME or ME/SE] are basic to fx trading as stated on babypips.com [spreading risk / lower exposed / managing lose etc] u can combine this with a recovery system [which r also ME/ME/SE by definition etc] as u have - there r many types of these systems - good & not so good - complex & not so complex ...... most of these systems do not have a focus/importance on any particular trigger method - u can use anyting from MA cross to a random entry scheme [the TDI entry is just 1 of many options & is not special in any way <- as far as these system r concerned]..... wat u could do is take any ME/ME+recovery system & just use the TDI for the first entry 'trigger'..... - IMO as soon as u do this u almost completely move away from TMS - there is a clear incompatibility here - so i dont really need 2 fully understand ur ME/ME system 2 know this - whether it works or not 4 some traders is irrelevant 2 the point