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Trading Made Simple

  • #71,681
  • Oct 3, 2016 7:41am Oct 3, 2016 7:41am
Quoting Fbps
{quote} RJ, Whether Emmanuel post his MyFxbook is his personal choice - he's not obliged to you nor anyone else here. He has more than proven himself here with his countless effort and time spent patiently providing guidance and generously sharing his knowledge to us all FREE of charge. Let's move on ... I need to recover my losses - don't you dare kill my Golden Goose!!!
Fbps stole the eggs already and they changed into losing orders.
  • #71,682
  • Edited 11:43am Oct 3, 2016 8:21am | Edited 11:43am
Quoting Tekkies
{quote}
EURGBP. The reason why this trade have not been close is that it is just below a support level on MN, W1, D1. It is crossing support now on H4, breaking through that support is going to call a margin call for it will not come down soon. If support hold and the trade bonus down then it is going to fall down hard and fast. Stoch is way above level 100 and bumping it for the last 4*H4. It is also in a uptrend for the last 19 days. I think the bull is getting tired now and the bears are going to mop the floor with them. Coming Friday is USA Unemployment Rate and Nonfarm Payrolls and they for sure know how to tumble a chart
Is the start of a major down trend?
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  • #71,683
  • Oct 3, 2016 9:46am Oct 3, 2016 9:46am
Well back to the TMS, i think this might be a good trade but I'm new in trying at this time of the day so don't know how it works.
is on demo by the way as i say haven't work on it at this time of day and sometimes is choppy, in 15 mins when new candle open i will post if i get in

don't mind the yellow line in TDI forgot to take it out :S
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  • #71,684
  • Oct 3, 2016 10:02am Oct 3, 2016 10:02am
Quoting Tekkies
{quote} Is the start of a major down trend? {image}


well ya it could be the monthly resistance level is strong but the uptrend is strong too, I think it is safe to enter a short trade at a daily tms signal rather than the hourly signal just my thought
  • #71,685
  • Edited 10:33am Oct 3, 2016 10:14am | Edited 10:33am
this 4Hour trade is for scalp , just testing(demo account) how it works at this time of the day, i only trade as Big E (his rules and his time sets on real account), right now is a test and to show, how i understood the Big E rules for entry


about this pic you can see TDI confirms, fully cross the red line(don't look at yellow line on TDI indicator), stoch confirms. , Entry point at 1.12170. seem there ia support at 1.1200 so if i get 10 pips i will set to BE + spread and then leave it to see how it goes
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  • #71,686
  • Oct 3, 2016 10:43am Oct 3, 2016 10:43am
Quoting chino
this 4Hour trade is for scalp , just testing(demo account) how it works at this time of the day, i only trade as Big E (his rules and his time sets on real account), right now is a test and to show, how i understood the Big E rules for entry about this pic you can see TDI confirms, fully cross the red line(don't look at yellow line on TDI indicator), stoch confirms. , Entry point at 1.12170. seem there ia support at 1.1200 so if i get 10 pips i will set to BE + spread and then leave it to see how it...
sorry chino i wanted to quote tekkies not you, good luck
  • #71,687
  • Oct 3, 2016 11:40am Oct 3, 2016 11:40am
Quoting chino
this 4Hour trade is for scalp , just testing(demo account) how it works at this time of the day, i only trade as Big E (his rules and his time sets on real account), right now is a test and to show, how i understood the Big E rules for entry about this pic you can see TDI confirms, fully cross the red line(don't look at yellow line on TDI indicator), stoch confirms. , Entry point at 1.12170. seem there ia support at 1.1200 so if i get 10 pips i will set to BE + spread and then leave it to see how it...
Good entry, 2de bar. APB are all over the show, not so good. D1 H4 H1 bar colour the same. D1 is ranging could mean that market can go up or down. Got space to the left on H4, H1 Baby sit this order. Trend down is going to be short livid. Move SL asp to breakeven.
  • #71,688
  • Oct 3, 2016 11:56am Oct 3, 2016 11:56am
Quoting Tekkies
{quote} Good entry, 2de bar. APB are all over the show, not so good. D1 H4 H1 bar colour the same. D1 is ranging could mean that market can go up or down. Got space to the left on H4, H1 Baby sit this order. Trend down is going to be short livid. Move SL asp to breakeven.
Agree on PA, about time frames i don't look at them (higher or lower), i just look the actual time frame i use the trade but thanks . seems sometimes i get greedy and want to be in a trade still learning to control that, but i already close it at 1.12154, small green but better that it goes on the wrong way.
will wait for night shift for set ups as usual
Thanks Tekkies
  • #71,689
  • Oct 3, 2016 12:05pm Oct 3, 2016 12:05pm
Quoting Tekkies
{quote} Is the start of a major down trend? {image}
if u took the trade tekkies what will be your criteria for an exit?

Thanks
  • #71,690
  • Oct 3, 2016 12:52pm Oct 3, 2016 12:52pm
Quoting benadil
{quote} if u took the trade tekkies what will be your criteria for an exit? Thanks
You are asking the wrong newbie. I got a big fight with myself to close losing orders. I use trailing stop for all my entries. BigE rules #123, #949, #7612.
  • #71,691
  • Oct 3, 2016 1:59pm Oct 3, 2016 1:59pm
Quoting emmanuel7788
{quote} Hi Steven, at your request, here is my Sep month closing trade results with D1 chart TMS trading with ME/ME. Week 35 to 39 (Sep 1 to 30) Winning trades : 250 Losing trades : 128 Total Win pips : 5,113 pips Average Win Pips : 45.4pips Average Win Amount: $137.85 Average Lot Size : 0.26 std. Average duration of trade : 41hours 48mins {image} How is your trading going so far? Not sure if you hook up with any small trading group yet, if you are keen to join a small group of traders in your area, let me know. I can facilitate that. regards,

Hey Emm, I have been trolling the TMS forum for a while reading all of Big E's, Phx and your posts. I am very much keen to join a small trading group to bounce ideas and information off of each other. I think it would be a great way to learn and grow. I live in Florida, USA. What area do you live in?? Any help you could provide or point me to would be very much appreciated!!

Awesome trades BTW
Gentlemen always play by the rules, if they can't, they change them.
  • #71,692
  • Oct 3, 2016 2:14pm Oct 3, 2016 2:14pm
Quoting emmanuel7788
{quote} my last post here tonight: call me what you like. the integrity of this thread had been ruined by people posting marked up charts with fake trades even during the time when Eric was alive.
Quoting realjumper
{quote} Leaving aside all your attempted diversionary 'padding' above: I have made the point twice already that newbies in the weeks, months and years to come will not know of the existence of your MyFxbook.

Conclusion is you two should solve this in international waters
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  • #71,693
  • Oct 3, 2016 2:19pm Oct 3, 2016 2:19pm
Quoting BluePill
{quote} {quote} Conclusion is you two should solve this in international waters {image}
"And Here We Are. Winter Is Coming" - Game of Thrones
  • #71,694
  • Oct 3, 2016 3:28pm Oct 3, 2016 3:28pm
Get serious people. I dont see the problem with Emm not showing a live TE, it's his choice. Its not like he's trying to get money from you or any of the above. He is only trying to help educate and progress us traders. If you don't like it go find another Thread that has a live TE.

To all of the new traders. There is an awful lot to learn to become a CONSISTENTLY profitable trader. Examples in short.

You learn the basics then find a decently profitable style/system. You test it on a demo for a few months and your making a killing. You decide to go live and end up blowing your account. WHAT went wrong you think?? It has to be the system/style not your lack of understanding of this market or lack of knowledge in other areas of the market or your inexperience..... No it must be the system. Right? Wrong. Most systems will work for any good, disciplined smart trader. Patience is a huge virtue when trading. More is less when you first start out.

Just because you see what looks like a perfect setup to you doesn't mean it actually is. There are many more factors to consider than just a few simple angles and numbers. To name a few. Did you try to trade during a high impact news release? Is the overall trend of the pair you were getting into going in the same direction of your trade or against you? Did anything major happen in other correlating markets like oil suddenly rising which correlates well with the CAD. Is gold rising?? Did a war just start. What is the market for a specific currency focusing on at the moment? The US presidential race can have huge impacts.

Being a purely technical trader can work and does work but one of the most important things to learn early on is WHEN not to trade or atleast which pairs to avoid during certain market conditions. Most systems and style fail when you try to take a trend trading strategy and apply it to a range bound market or vice versa. You'll need atleast a few styles/systems in order to trade under all market conditions. Experience takes time to build as well the knowledge that goes with it. Learn to enjoy learning and pushing forward and several blown accounts from now you'll be sipping that gin on a sunny beach somewhere wondering why you ever thought of giving up.

In the bible it is said God told his people that with enough faith they could move a mountain. This means that if you have enough belief in something and back that belief with hard work and dedication, you actually could move that mountain..... ONE shovel full at A TIME.
Gentlemen always play by the rules, if they can't, they change them.
  • #71,695
  • Oct 3, 2016 3:40pm Oct 3, 2016 3:40pm
Quoting Bsmile44
Get serious people. I dont see the problem with Emm not showing a live TE, it's his choice. Its not like he's trying to get money from you or any of the above. He is only trying to help educate and progress us traders. If you don't like it go find another Thread that has a live TE.......
  • #71,696
  • Oct 3, 2016 4:45pm Oct 3, 2016 4:45pm
How I start a new day...

Inserted Video


Have good one folks!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,697
  • Oct 3, 2016 4:46pm Oct 3, 2016 4:46pm
Quoting Bsmile44
Get serious people. I dont see the problem with Emm not showing a live TE, it's his choice. Its not like he's trying to get money from you or any of the above. He is only trying to help educate and progress us traders. If you don't like it go find another Thread that has a live TE. To all of the new traders.

You're correct, up to a point. Whether he shows a live TE etc is indeed his choice.

BUT....

Emmanuel is showing, every month, an equity curve which shows the account growing , right? Is that a real account? Is it a demo account? Is it a completely false account by way of the leeching script that he uses on other peoples Trade Explorers? The information that he's showing in these equity curve pictures will the exact same information contained in a TE. So why will he not show a TE / MyFXbook to which will validate his screenshots? Surely that is not a big ask. If you believe his equity curve screenshots, that's fine.....I would like to see a TE that backs up his screenshot. It's simple, painless and would go a long way to showing newbies (and others) that he is for real.

Further, a couple of years back I asked Emmanuel to post the next 10 trades 'live' and to post updates all the way through the trades until their conclusion, no matter whether they ended in a loss or a gain. The reason I asked this is that *every single trade* that he has ever shown has been an 'after the fact' trade....a 'hindsight' trade if you like. He trades H4 and Daily charts right? So what I asked, was for the next 10 trades, for him to just post a quick screenshot a minute or two after the trade was entered, and to post further screenshots whenever he moved the SL or whatever, until the trade closed. That too is not a big ask is it? Apparently to Emmanuel it is because all he could do in response to my request was post silly (ROFL) emoticons!!

I treat trading seriously, it is a business, not a game to me. If someone is going to make claims of 'follow me and my recommendations because I'm an excellent trader', then I think that it's fair enough to ask that trader to back up his claims, is it not?

So, he refuses to show any real time trades from start to finish. He refuses to show his MyFXbook / TE (both of which reveal nothing that he's not already revealing).

Why is he not willing to back up his claims? I would think he would be very proud to show these things, given his "20 years of experience",....you know, to show that he is a man of his word and certainly one to follow in this difficult world of FX trading, which is a world, unfortunately, of false claims and deception. I know I would find it immensely reassuring if I was following someone who backed up their claims. Alternatively, I would be very suspicious of someone who refuses to back up their claims.

Which brings us full circle.....why does he refuse to show a validated account rather than an un-validated account?

Why is that?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #71,698
  • Oct 3, 2016 4:46pm Oct 3, 2016 4:46pm
Quoting Tekkies
{quote} Is the start of a major down trend? {image}
That 1hour trade looks like a Phx62 trade, right at the top of major uptrend (but with two double tops which indicates it could go down) but he liked to cut his loses quick because they are retracement trades and sometimes they dont do anything.
  • #71,699
  • Oct 3, 2016 5:18pm Oct 3, 2016 5:18pm
Quoting emmanuel7788
{quote} {quote} Ok guys, I know I owe your oth my reply. I try to be brief in this reply. Busy tonight as usual with Big picture planning for all my 16 trading pairs. I know you two are not newbies, but it will take a few years of live trading experience and knowledge to be able to trade more pairs. So for newbies, I suggest start with only the majors - AUDUSD, EURUSD, GBPUSD, USDCAD, AUDJPY, EURJPY. Avoid the EURxxx and GBPxxx croses. I think it is better to pick those pair with small spread. Like Big E who has 6,000 hours trading experience, he...

Hello Emmanuel,

May I ask why you avoid the chf pairs?

Thanks!
  • #71,700
  • Oct 3, 2016 5:24pm Oct 3, 2016 5:24pm
Quoting emmanuel7788
AUDUSD Week 40 Oct 3 to 7 , We need to see Lower High, then Lower Low. That is the market structure what many traders talk about. remember some reliable reversal chart patterns - Head and Shoulders, Double Tops, Triple Tops, ... these are when bullish trend comes to an end. Looking to sell this week, but it is not ready for sell now. Today is bank holiday here in Sydney, perhaps I look for H1 trade during London session and slowly build up for this week. Taking reversal trades are usually more risky and I am a rather conservative trader unlike Big...

AUD rate annoucement in 3 hr 30mins. So I be careful making an new trade entries now.

Since yesterday the market trade higher and is near the BRN 0.7000. I know it is very tempting to start send a spary of small lot size trades at 0.7700 which happen to be Weekly Pivot R38.
On H4, we do not sell until we see a setup with the APB turn bearish and change colour, with the TDI Green down and cross Red .

There is no new Lower High seen yet so no potential bearish movement seen yet.
Being trend following traders, we do not predict the reversal until wee see it happen. Exactly the way Big E did it according to his Post#261http://www.forexfactory.com/showthre...40#post4581540 and Post#647.
This is what the 5-Method is as taught by Big E. What I don't follow Big E is his high risk - risking 15% to 30% of his $10K trading account deposit for each trade.
I prefer to trade with small risk of 1% to 2% of my trading capital and use Position Sizing with Multiple Entries ME to build up to full risk.

I did not make any claim that I'm an excellent trader, nor an expert trader, professional trader, etc. I had not told people to follow me and my recommendations. All these are made up by people promoting falsehood whatever their intentions are.
I do not need to provide any Trade Explorer or Myfxbook to proof anything t anyone especially to those promoting falsehood.
If newbies wants to see Trade Explorer of myfxbook to believe, they can PM me.
If I do not show a Trade Explorer or myfxbook then I will considered to be a fake. I won't change that. People can call me whatever they want but that does not make me one.

Below AUDUSD H4 chart with both the BN levels and Weekly Fibo Pivots for those traders who are trading TMS with Pivots.
I look at previous price action PPA, those recent swing highs and swing lows reversal with the TDI cross.

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Have a good trading day folks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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