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Trading Made Simple

  • #72,581
  • Oct 25, 2016 3:32am Oct 25, 2016 3:32am
I have closed my short Nzd Usd before my TP reached, because I sawGreen tdi up
I may be hurt

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  • #72,582
  • Oct 25, 2016 4:36am Oct 25, 2016 4:36am
Quoting emmanuel7788
{quote} How much more simpler does it need to become? Post#261 <quote> The TDI is the heart of our method. It tells you when to enter and where to exit any trades... so review previous posts and learn it good. HA Candles are important because it makes your trading way less stressful... use them. Stoch's is nothing but confirmation. If Stoch's & the TDI give different signals... lights flash off and on warning me to take a closer look before entering.. and usually I look...
If you have a mentor to take you through basics when you learn new things it would be easy,Emmanuel 7788. I did not criticize the system. It's so easy for you to trade, but might be difficult for anyone who doesn't know how to use it. My reply was prompted by the fact that he said each time he asked questions he was referred to Big E. It means that those who can trade with the system easily are not open to share. I trade using Bollinger Bands, Stochastic, s/r. If I have spent enough time with these systems I should be able to share and ready for questions that are so basic and even childish.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -4.5%
  • #72,583
  • Oct 25, 2016 5:03am Oct 25, 2016 5:03am
Quoting catalin_eros
{quote} Hi, Fbps! Then that means you still do not know what your trading rules are. I suggest opening two demo accounts, and trade on one of them as per Big E rules, with his indis, exits based on TDI and all that, and then trade on the second account with Emm's settings for the TDI (TDI real version), and try to manage your trades by letting them run until you get invalidation. Use only a few pairs for this test, about 6-8, and then compare the results, see which one you feel more comfortable doing it, and then you need to stick to it, practise...
Hi Catalin, my analysis is based on Big E rules. And, as I recall the hundred of pages I read there is no mentioned whatsoever that the AUDUSD trade I took was based on D1 chart TF setup when my entry is based on a H1 TF. Big E trading rules is simple regardless of which TF you trade - it's the same TDI rules, etc.
  • #72,584
  • Oct 25, 2016 5:09am Oct 25, 2016 5:09am
Quoting emmanuel7788
{quote} Basci rule for trade management is when you trade the chart TF you also manage in that chart TF. In this AUDUSD trade setup, it was a D1 chart TF setup.
Hi Emm, how do you tell that D1 was the setup chart? My entry was on H1 TF and my analysis was based on that TF.
  • #72,585
  • Oct 25, 2016 5:12am Oct 25, 2016 5:12am
Quoting emmanuel7788
AUDJPY Week 43 Oct 25 H4 trade. Do not trade when market is in consolidation. How can we tell when the market goes into consolidation? By looking at big candles and the TDI information. Wait for the breakout and look at the TDI for price momentum to support the breakout. {image}
Hi, Emm!

I like how you spot every detail. I have a long way to sot everything like you, but I am getting there, slowly, but steadily.

My AJ trade on H4 looks like this at the moment:
Attached Image (click to enlarge)
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There should have been 3 positions, but I missed one. Manual trading...

AC looks awesome at the moment:
D1, Long, MEME:
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Same trades, but different view (H1):
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Viewing it on H1, I see that I missed a re-entry here on this pair as well. Again, manual trading...
  • #72,586
  • Oct 25, 2016 5:23am Oct 25, 2016 5:23am
Quoting Fbps
{quote}there is no mentioned whatsoever that the AUDUSD trade I took was based on D1 chart TF setup when my entry is based on a H1 TF. .
I think those were Emm's words, not mine. I am sure he can clarify that for you.

Have you seen Ensale's post a few days ago? 'Join us, we have cookies!'
  • #72,587
  • Oct 25, 2016 5:33am Oct 25, 2016 5:33am
Quoting Tekkies
{quote} The little I know of TMS I get usually half of it wrong anyway
Then you're doing well. Most traders get it wrong more than 50% of the time. Even Emm is right only 40% of the time. But with good MM, he beats the market. If he can do it, so can we.
  • #72,588
  • Oct 25, 2016 5:37am Oct 25, 2016 5:37am
Quoting catalin_eros
{quote} Hi, Emm! I like how you spot every detail. I have a long way to sot everything like you, but I am getting there, slowly, but steadily. My AJ trade on H4 looks like this at the moment: {image} There should have been 3 positions, but I missed one. Manual trading... AC looks awesome at the moment: D1, Long, MEME: {image} Same trades, but different view (H1): {image} Viewing it on H1, I see that I missed a re-entry here on this pair as well. Again, manual trading...
It's in fear when people show what they truly value.
  • #72,589
  • Oct 25, 2016 5:49am Oct 25, 2016 5:49am
Quoting bunne
.....I am looking for some addons for: -> timer for next candle -> visibility of my running positions on the chart. -> a good visible "strong/weak, moderate buy or sell" indication visible on the screen / so I have a confirmation whenever I think a buy is right or wrong ........
hey bunne - ok - here's my 2pips........

"timer for next candle" <- i use 'P4L CandleTime' ...... tis da bomb

"visibility of my running positions on the chart" <- default MT4 settings or do u means pips unrealized[there r pip counters in the paperclip]???

"a good visible "strong/weak, moderate buy or sell" indication visible" <- u dont need & it will hurt ur trading IMO

GL bro
  • #72,590
  • Oct 25, 2016 6:11am Oct 25, 2016 6:11am
Quoting catalin_eros
{quote} I think those were Emm's words, not mine. I am sure he can clarify that for you. Have you seen Ensale's post a few days ago? 'Join us, we have cookies!'
I sure did - if you're in I am in too
  • #72,591
  • Oct 25, 2016 6:23am Oct 25, 2016 6:23am
Quoting saranga
hey catalin_eros ur trading good thank advice and share knowledge........................................
Jones - always focuses on defensive think'n - "..... focus on the money that they have at risk and how much capital is at risk in any single investment ...... " - Paul Tudor Jones

one way 2 easily measure [1 part of] risk is 2 look @ the risk-of-ruin [RoR] ...... u can get this from ur myfxbook ....... here is wat i do ........

i look @ the number of losing trades to lose 10% of account [20 trades/scalp'n] <- this means if i keep trade'n from here this way i would have to lose this number of trades in a row to be down 10% & the chance of that happening is like 0.01 [important 2 realize this has noting 2 do wit how big my profits r <- that is not the point here] ...... 20 loses in a row is huge - so i will stop if i get 3 loses in a row <- this is tell'n me i am not going well & if i keep going in this session it could be catastrophic [<- i could hit the 20 loses which over long term should not happen ] .........

10% is not the end of ur account cause u need 11% to come back 2 BE ....... BUT! if u hit 40% down then u need 67% to just BE ......... this is y float'n loss [even if not realized] can destroy ur account when[not if] it is realized by margin call.......

so - i always like 2 remind myself of this when it looks like i am going 2 lose a few trades instead of hold'n them & blow'n everyting for those few trades

hope this help buddy ...... keep going

Quote
If I have positions going against me, I get right out; if they are going for me, I keep them Risk control is the most important thing in trading. If you have a losing position that is making you uncomfortable, the solution is very simple: Get out, because you can always get back in. Paul Tudor Jones
  • #72,592
  • Oct 25, 2016 6:48am Oct 25, 2016 6:48am
Quoting 9jatrader
{quote}I should be able to share and ready for questions that are so basic and even childish.
Newbies ask the same questions over and over and over. Some do not put in any effort to read what is posted or study what compiled in BigE Full.pdf. It seems that they what to be spoon fed, we must tell them or show them the basic of TMS, what indies are used. Pretty sure if Emm got a dollar very repeated question asked he would be sipping pina colada in Honalo beach

One example of a reasonable question is where the member ask "angle" to be explained.
One bad example was what is the setting for 5EMA
  • #72,593
  • Oct 25, 2016 6:59am Oct 25, 2016 6:59am
Quoting catalin_eros
{quote} Hi, Emm! I like how you spot every detail. I have a long way to sot everything like you, but I am getting there, slowly, but steadily. My AJ trade on H4 looks like this at the moment: {image} There should have been 3 positions, but I missed one. Manual trading... AC looks awesome at the moment: D1, Long, MEME: {image} Same trades, but different view (H1): {image} Viewing it on H1, I see that I missed a re-entry here on this pair as well. Again, manual trading...
good trade'n catalin .......... just so noobs dont get confused we must say that this is not TMS <- look'n @ the TF u posted anyways ....... it shows completely wrong entry signals ......... i realize u r doing Emmanuel's ME/ME method [which is not Big E's strategy] ......... but if noobs see this they can get very very confused

hope this helps
Attached Image
  • #72,594
  • Oct 25, 2016 7:21am Oct 25, 2016 7:21am
Quoting griffinssoul
{quote} good trade'n catalin .......... just so noobs dont get confused we must say that this is not TMS <- look'n @ the TF u posted anyways ....... it shows completely wrong entry signals ......... i realize u r doing Emmanuel's ME/ME method [which is not Big E's strategy] ......... but if noobs see this they can get very very confused hope this helps {image}
hi, i am new and may I ask, what is ME/ME method ? I thought Emm was posting TMS method all along ???
  • #72,595
  • Oct 25, 2016 7:59am Oct 25, 2016 7:59am
RE. ME multiple entries
  • #72,596
  • Oct 25, 2016 8:10am Oct 25, 2016 8:10am
Quoting griffinssoul
{quote} good trade'n catalin .......... just so noobs dont get confused we must say that this is not TMS <- look'n @ the TF u posted anyways ....... it shows completely wrong entry signals ......... i realize u r doing Emmanuel's ME/ME method [which is not Big E's strategy] ......... but if noobs see this they can get very very confused hope this helps {image}
You are absolutely right, Grif. Apologies, mate! I think I owe some explanations why I chose to enter a buy on AJ at that time, just so that no one gets confused.

First of all, I am not trading exactly as Emm, so he may have traded differently this pair.

I was following the W1 candle, which closed higher than the previous one, and it broke the resistance, and it was looking like the bulls were in control, so I was expecting the move up to continue. Furthermore, if we look left, we see that we were inside a WRB (2 WRBs, actually), and I assumed the move could continue to the common top of the 2 WRBs.

Now to the fun part. I entered right at the beginning of the week, as it can be seen in the following picture, but I did not use that entry on the previous post, because I saw no need to, since I exited immediately after I had entered. I had second thoughts. Then the price pushed higher two times, it made DT, and then I decided to enter the pair again, at even a better price than the one at the beginning of the week, assuming that it would be rejected from the support, or second scenario, it will break it and continue further down, measuring the distance for an M pattern (top to neck=neck to base), and then it will come back up again. I hope that is not even more confusing for anyone.
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Sorry for my drawing skills, Grif! Yours are better.
I think I forgot to mention in the previous post that the entry was based on W1, and the management is done on H4. Sorry for missing that out and making me realize it!
And the W1 view:
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Click to Enlarge Name: AUDJPYWeekly a.png Size: 31 KB

Thanks for pointing this aspect out, as I surely don't want newbies to get confused either!
  • #72,597
  • Oct 25, 2016 8:13am Oct 25, 2016 8:13am
Quoting griffinssoul
{quote} Jones - always focuses on defensive think'n - "..... focus on the money that they have at risk and how much capital is at risk in any single investment ...... " - Paul Tudor Jones one way 2 easily measure [1 part of] risk is 2 look @ the risk-of-ruin [RoR] ...... u can get this from ur myfxbook ....... here is wat i do ........ i look @ the number of losing trades to lose 10% of account [20 trades/scalp'n] <- this means if i keep trade'n from here this way i would have to lose this number of trades in a row to be down 10% & the chance...
Well put griffinssoul .... if you don't take money management seriously, you will NEVER make money trading over the longer term.
All for one and one for all
  • #72,598
  • Oct 25, 2016 8:38am Oct 25, 2016 8:38am
Quoting griffinssoul
{quote} Jones - always focuses on defensive think'n - "..... focus on the money that they have at risk and how much capital is at risk in any single investment ...... " - Paul Tudor Jones one way 2 easily measure [1 part of] risk is 2 look @ the risk-of-ruin [RoR] ...... u can get this from ur myfxbook ....... here is wat i do ........ i look @ the number of losing trades to lose 10% of account [20 trades/scalp'n] <- this means if i keep trade'n from here this way i would have to lose this number of trades in a row to be down 10% & the chance...
But Grif, Emm's positions are not full positions. He splits them into 5. So even if the SL gets hit, then the loss is smaller than if he entered with full risk position.

Let's take an example: I have a 10 000 dollar account, I want to risk 1% on a trade, the SL is 200 pips. So the risk is 100$ and the lot size should be maximum 0,05, right? So the full risk position should be 50 cents per pip. Emm splits that into 5 parts, so that makes it 0,01 lots (10 cents per pip). The distance between MEME trades let's say is 40 pips. Now let's assume the SL gets hit. The first MEME trade loses 200 pips, so 20$. The second loses 160 pips, so 16$. The rest are losing 12$, 8$ and 4$. In total, the loss is 60$. Whereas with a full risk position of 50 cents per pip, the loss is 100$.

So that is why I keep saying I understand the logic behind position sizing, because my main concern is in how much I can lose on a trade.

I hope you won't get upset with me for answering your post, because the last thing I want is to upset you in any way.

Keep up the good work, buddy!
  • #72,599
  • Oct 25, 2016 10:23am Oct 25, 2016 10:23am
Hello everyone
I just spend few days to read the previous 200 pages and the necessary pdf / post.
This is my first trade I in, with reasons
GBPJPY
timeframe: 4H
1. long candle #1 cross below SMA
2. TDI green line cross below red line, with direction at 5o'clock.
3. Stoch leave overbought area (80 line)

May anyone give some comments?

Besides, maybe because not the rule of TMS,
although some use Stoch to confirm the trade,
I do not find the rules of confirmation.
Say, what is the slope means.
Appreciate if someone can explain a bit on this topic.

Thanks everyone
Attached Image
  • #72,600
  • Oct 25, 2016 11:07am Oct 25, 2016 11:07am
Quoting brian661
Hello everyone I just spend few days to read the previous 200 pages and the necessary pdf / post. This is my first trade I in, with reasons GBPJPY timeframe: 4H 1. long candle #1 cross below SMA 2. TDI green line cross below red line, with direction at 5o'clock. 3. Stoch leave overbought area (80 line) May anyone give some comments? Besides, maybe because not the rule of TMS, although some use Stoch to confirm the trade, I do not find the rules of confirmation. Say, what is the slope means. Appreciate if someone can explain a bit on this topic....

Hi Brian,
TMS is TREND trading, no Consolidation trading. TDI did not work correctly in Consolidation. Here in your situation, you must switch to 15 min, and try to find TREND.
(LH, LL, LH,LL,...etc)
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