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Trading Made Simple

  • #71,561
  • Sep 30, 2016 7:34pm Sep 30, 2016 7:34pm
Quoting emmanuel7788
{quote} EU is sideways and I see strong USD. its Friday and also last trading day of this Sep month. watch the MN candle close.

Sir, what time frames do you trade?
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #71,562
  • Sep 30, 2016 9:03pm Sep 30, 2016 9:03pm
Quoting 9jatrader
{quote} Sir, what time frames do you trade?

Hi,

I have three trading systems to trade different Market Types.

I started stock trading in 1980's using EOD on Day chart.
Then I learn to trade intraday using H1 and M15 chart timeframes by X-man and LE1.
Since knowing Big E TMS 5-Method, I also trade H4.

Since I retired early, I need to find a replacement income and also to build wealth through trading and investments.
As a full time trader, I must be able to trade different market conditions or what is know as Market Types.
I had to develop three systems - see : Post#52,347 using TMS 5-Method develop 3 systems...SMART objectives

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,563
  • Sep 30, 2016 9:12pm Sep 30, 2016 9:12pm
Quoting mokuro89
{quote} Nice consistency emmanuel, like always

Thanks Mokuro89,

CONSISTENCY is one very important component to a WINNING EDGE. It can only be measure after many years of trading. Someone once wrote that it takes a minimum of 5 years trading to be able to see some consistency. Anything less than 5 years is too short and many traders tend to be euphoric with short term success which is the cause of downfalls of rookie traders. We need to be patient and let time show us who are the traders with winning edge.

The same question I asked many times but so far no one in FF has given the correct answer.
When do you know when you have the winning edge in this forex trading business?

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,564
  • Sep 30, 2016 11:07pm Sep 30, 2016 11:07pm
Quoting griffinssoul
{quote} 6000kg elephant ........... IMO traders will always make mistakes - this is part of trading ....... but i try & minimize this as much as possible by removing the word 'hope' from my trade'n ..... other times i just press the wrong button {image}
update - good week - lowed risk going in2 the end of MN 4 scalp'n ......
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  • #71,565
  • Edited Oct 1, 2016 12:07am Sep 30, 2016 11:25pm | Edited Oct 1, 2016 12:07am
Quoting Tekkies
{quote} See you have joined FF last month. Welcome to the land of tears and joy. 1. What is the settings of TDI they do not look right RSI_Period = 13. RSI_Price = 0, Volatility_Band = 34, RSI_Price_Line = 2, RSI_Price_Type = 0, Trade_Signal_Line = 7,Trade_Signal_Type = 0; 2. Get rid of all those extra indicators. Big E had said nemours times do not add extra indicators. Use only indies from #post 25 3. Zoom one click out. You will have a better view of the chart Now the order that you took. 1. You took the cross on H1 and never check the direction...
gr8 post Tekkies ...... i wouldnt trade on the H1 so late in the session on End of Week & End of M ....... PA just went in2 a wedge ....... Big E teaches us the rules - Phx62 teaches us the market
  • #71,566
  • Oct 1, 2016 1:24am Oct 1, 2016 1:24am
Quoting griffinssoul
{quote} hey fiborek - thnx 4 ur charts ...... i dont c a regular [HH or LL] Div - i c there was a [failed] Div happened some time ago ...... but also i dont see a channel Div [narrow channel PA wit HHs or LLs on RSI] ....... but we all c tings different & trade 2 them anyhow {image}
And that's the point someone must sell if you want to buy - this is market
For me div is when chart has up/down trend and oscilator has down/up trend and it happend on H4 chart.
TDI H4 did sell signal - and on daily chart we have nice pin bar in resistance zone.
Next move is to wait for nice bounce signal on H4 - hope to build position in 1,6950-1,70 zone with SL above daily pin bar.
Is that make sense?
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  • #71,567
  • Oct 1, 2016 3:09am Oct 1, 2016 3:09am
Quoting emmanuel7788
{quote}When do you know when you have the winning edge in this forex trading business?
When Forbes place your face on the front page with title "Forex Trader of the Decade"
  • #71,568
  • Oct 1, 2016 7:01am Oct 1, 2016 7:01am
Quoting emmanuel7788
{quote}How I wish eelfranz is still with us in flesh and he will update his Post#1 with all these goodies.
Emm rereading TMS again. If you speak to FF Admin will they not allow you to update #post 1
  • #71,569
  • Oct 1, 2016 7:43am Oct 1, 2016 7:43am
Quoting emmanuel7788
{quote} Hi, I have three trading systems to trade different Market Types. I started stock trading in 1980's using EOD on Day chart. Then I learn to trade intraday using H1 and M15 chart timeframes by X-man and LE1. Since knowing Big E TMS 5-Method, I also trade H4. Since I retired early, I need to find a replacement income and also to build wealth through trading and investments. As a full time trader, I must be able...
Thank you sir.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #71,570
  • Oct 1, 2016 9:43am Oct 1, 2016 9:43am
Quoting emmanuel7788
{quote} Thanks Mokuro89, CONSISTENCY is one very important component to a WINNING EDGE. It can only be measure after many years of trading. Someone once wrote that it takes a minimum of 5 years trading to be able to see some consistency. Anything less than 5 years is too short and many traders tend to be euphoric with short term success which is the cause of downfalls of rookie traders. We need to be patient and let time show us who are the traders with winning edge. The same question I asked many times but so far no one in FF has given the correct...
I believe I know the answer to this one Emmanuel. You have the winning edge when you can feel the rhythm of the market and you find it easy to quess the direction of the move. Sometimes I am in that zone and it feels that the signals hit me in the head like a sledge hammer. However these moments of enlightments for me only seem to flicker on and off on for most trading days with some losses slowing down my process and bringing me back to reality. But holy cow, it does feel good.
Trading thin liquidity at the boundary of the charts
  • #71,571
  • Edited Oct 2, 2016 9:00am Oct 1, 2016 4:40pm | Edited Oct 2, 2016 9:00am
Quoting emmanuel7788
{quote} Thanks Mokuro89, CONSISTENCY is one very important component to a WINNING EDGE. It can only be measure after many years of trading. Someone once wrote that it takes a minimum of 5 years trading to be able to see some consistency. Anything less than 5 years is too short and many traders tend to be euphoric with short term success which is the cause of downfalls of rookie traders. We need to be patient and let time show us who are the traders with winning edge. The same question I asked many times but so far no one in FF has given the correct...
Reading your posts, you have said that each trader must find their own edge
and also that the edge is not only one but a combination of factors:

1. Method:

Find a trading method that gives you confidence and match your temperament.

2. Money Management

Use a proven MM strategy and position sizing so you keep losses small and let profits run.

3. Consistency

Have good skills reading PA and know how to apply it consistenly, also having a consistent approach in defining the market type so you can know when to buy, when to sell or when to stand aside and wait for the opportunity.

4. Mental Fitness

The most important since you must not let that emotions interfere with your trading rules.
You must keep calm when you're losing so you can patiently start the recovery.
And even stay calm when you're winning so you don't think, you'll become rich overnight.


Then I guess you'll know if you have the winning edge when knowing these points, you develop your own trading system which fits your personality and you have consistent results using it.
  • #71,572
  • Oct 1, 2016 8:08pm Oct 1, 2016 8:08pm
Quoting griffinssoul
{quote} hey Tekkies - superb win rate wat is ur R:R? if u can get that win rate wit at least 1:1 wat ever ur doing wit SL cant b all that bad ....... i guess there is difference between scalp & swing/position trades ...... the worst ting u can do is hold ur losing trades more than any sense to hold them - this is not wat Big say 2 do ........ the DD will bend ur psychology more than anyting else ........ Big E's strategy is as close to it as i can get ....... {image}
round numbers r so hard 2 deal wit ........ its hard 2 stay on target ........ u need a bit of luck now & again ........ end of MN all done ............
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  • #71,573
  • Oct 1, 2016 8:23pm Oct 1, 2016 8:23pm
Quoting fiborek
{quote} And that's the point someone must sell if you want to buy - this is market For me div is when chart has up/down trend and oscilator has down/up trend and it happend on H4 chart. TDI H4 did sell signal - and on daily chart we have nice pin bar in resistance zone. Next move is to wait for nice bounce signal on H4 - hope to build position in 1,6950-1,70 zone with SL above daily pin bar. Is that make sense? {image} {image}
hey fiborek - that makes sense ..... its more like a overall div ..... but 4 our noobs these r examples of bear / bull div's
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  • #71,574
  • Oct 2, 2016 12:40am Oct 2, 2016 12:40am
Greetings Emmanuel/Griffinssoul

Posting last months results is an inspiration to us all, especially your methods and insights following KISS principle- BPP, PASR, BRN, MTF Approach, MEME + money management, entry timings/confluence techniques, psychology and following your checklist.

October plan is to continue to model my approach, develop my skills and enjoy the process.
  • #71,575
  • Oct 2, 2016 1:35am Oct 2, 2016 1:35am
Quoting caah
Greetings Emmanuel/Griffinssoul Posting last months results is an inspiration to us all, especially your methods and insights following KISS principle- BPP, PASR, BRN, MTF Approach, MEME + money management, entry timings/confluence techniques, psychology and following your checklist. October plan is to continue to model my approach, develop my skills and enjoy the process.
im not using the MEME strategy caah <- just 2 b clear - im just using Big E core ........ IMO MEME is incompatible wit TMS [ http://www.forexfactory.com/showthre...29#post9011629 ] .........

  • #71,576
  • Oct 2, 2016 2:59am Oct 2, 2016 2:59am
Quoting caah
Greetings Emmanuel/Griffinssoul Posting last months results is an inspiration to us all, especially your methods and insights following KISS principle- BPP, PASR, BRN, MTF Approach, MEME + money management, entry timings/confluence techniques, psychology and following your checklist. October plan is to continue to model my approach, develop my skills and enjoy the process.

Hi caah,

a non trading question for you.

Is the tomato a fruit or a vegetable?

regards,




Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,577
  • Oct 2, 2016 3:13am Oct 2, 2016 3:13am
Quoting eelfranz
So many new traders... Do not think you can trade with us without reading the thread and taking notes. READ & STUDY. Snarlyjack - Good to hear from you old friend. We have stood back to back in battle more than a few times. May your trades be blessed buddy. Come visit more often. Big E
this was Big E last post in Oct 2011:

<So many new traders... Do not think you can trade with us without reading the thread and taking notes. READ & STUDY.>

are we living in the past?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,578
  • Oct 2, 2016 3:44am Oct 2, 2016 3:44am
Quoting AlansGS777
{quote} Reading your posts, you have said that each trader must find its own edge and also that the edge is not only one but a combination of factors: 1. Method: You must find a trading method that gives you confidence and match your temperament. 2. Money Management You must have a proven MM strategy and use position sizing so you keep losses small and let profits run. 3. Consistency You must have good skills reading PA and know to apply it consistenly, you also must have a consistent approach in defining the market type so you can know when to...
Good post...
  • #71,579
  • Oct 2, 2016 3:51am Oct 2, 2016 3:51am
Quoting griffinssoul
{quote} im not using the MEME strategy caah <- just 2 b clear - im just using Big E core ........ IMO MEME is incompatible wit TMS [ http://www.forexfactory.com/showthre...29#post9011629 ] .........
...... also IMO recovery systems [there is many of them not just the 1 used in MEME ..... read Hanover's excellent review [includes martingale - grids - hedge etc]] not only go against Big E's core but could b mega damaging 2 noobs psychology ....... IMO u will not b build'n ur TMS skills cause the whole idea is 2 'recover' from ur loses that Big E told u 2 get out of when PA/TDI told u 2 ..... here is 1 of Emmanuel7788's MEME trades ...... the fact dat u r taking a trade against the TDI signal 2 try & not lose should tell u this is NOT TMS
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  • #71,580
  • Oct 2, 2016 4:20am Oct 2, 2016 4:20am
Quoting Tekkies
{quote} When Forbes place your face on the front page with title "Forex Trader of the Decade"
hey Tekkies,


If any trader get his face on the front page with title "Forex Trader of the Decade",

that only shows he go good publicity which does not means he has the WINNING EDGE.

that trader would know if he has and what his WINNING EDGE in trading is.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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