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Trading Made Simple

  • #75,121
  • Edited 4:24pm Jan 26, 2017 2:09pm | Edited 4:24pm
Quoting Scrambleguy
This thread has turned poisonous, so much chest beating. Take a massive chill pill followed up with a course of anger management... Horrible horrible
Hi Scramble
You are right.
Chill pill taken, and the anger management consult slapped me silly for getting upset.
There is more to trading then trying to convince a person not to wrangle a proven method.

Thanks for the wake up call
  • #75,122
  • Jan 26, 2017 3:59pm Jan 26, 2017 3:59pm
Quoting emmanuel7788
{quote} Hi Irishtoffy, This reply is delayed while I waited to see if there are more members. Anyway, I have taken note of issues you have with CONSISTENCY. Two old posts with pdf which I shared on this topic. http://www.forexfactory.com/showthre...44#post6824844 http://www.forexfactory.com/showthre...24#post8813924 These may not address your 'problems'. I know your 'problems' can be solved with a proven Entry and Exit strategy. If you post your next trade example, I will use that as live example how I...

Thanks for the pdf files. It remind me about 10,000 hours practice.

I have questions about SMART cut-loss.
If your draw down is more than 10% and you still have 10 more days to go within 20 days trading cycle, do you stop trading or just keep trading until 20 days cycle ?

Is this plan also applicable to S/S ( single entry/exit) ?

Thanks
  • #75,123
  • Edited 4:38pm Jan 26, 2017 4:25pm | Edited 4:38pm
Quoting inforserve
{quote} Thanks Pete!!! You also do postilion trading ( ME/ME ) ?
Hi inforserve,

I'm still learning I trade only daily chart &have some problems with ME/ME & when to cut loss.
Your monthly performance was fantastic for new comer Congratulation.

Regards,
  • #75,124
  • Jan 26, 2017 4:29pm Jan 26, 2017 4:29pm
Quoting emmanuel7788
{quote} Later on in the project you will discover how easy and simple it is to see the buy and sell zones which I mention many times in my posts. Trade Well buddy.
Thank you Emmanuel and I am looking forward to it.

Best Regards
  • #75,125
  • Jan 26, 2017 4:49pm Jan 26, 2017 4:49pm
Quoting pete.alfa
{quote} Hi inforserve, I'm still learning I trade only daily chart &have some problems with ME/ME & when to cut loss. Your monthly performance was fantastic for new comer Congratulation. Regards,
Thanks Pete

I want to be consistent month by month. even 3-5%. That is my goal. May I ask your average monthly performance if you don't mind ? or PM to me. You seems like trading quit long with TMS.

Cheers;
  • #75,126
  • Jan 26, 2017 5:29pm Jan 26, 2017 5:29pm
Quoting Tekkies
{quote}If you have a problem with Emm, take it private please or report the matter to FF admin. Now either discuss TMS or get out of this forum. I am here to learn not to read about your vendetta against emm.
You should practice what you preach.

Quoting Tekkies
{quote}Emm posts about TMS are fabulous, the other stuff well let say it is not simple
4 months ago, you were praising the member Emmanuel7788 and now you suddenly started hating?
This makes people think, you are now losing and trying to blame him, but remember others are not guilty for your own failure.

Quoting Tekkies
{quote}I have a problem with my stoploss. Yes I am still learning TMS. Yes I am newbie.
You are just a newbie trying to look wiser by teaching other newbies, copying and pasting all the posts by eelfranz without quoting him directly, making newcomers think those are written by your own and this is something very low.


When you stop wasting your time here trying to mislead people who are honestly wanting to learn to become profitable with Big E's method , you will get out of the hole you're in.


I'm honoured to be on your ignore list, I must be doing something right

Cheer up, man!
  • #75,127
  • Jan 26, 2017 7:24pm Jan 26, 2017 7:24pm
Quoting emmanuel7788
day chart traders, XAUUSD pulled back from its 50EMA ( the market herd favourite) but closing fell below its 10EMA (another of the herd favourite moving average) on the D1, traders will chase sell, sell, sell.... 1190.43 is a nice level for take profit ... but you cannot be that precise..
XAUUSD D1 chart Jan 27:

I was wrong yesterday, it overshot the 1190.43 and did better than what I have in my trade plan.

New levels today and after that we see what happen next week.

My chart below - those moving averages to see what the herd look at. We do not follow the herd but we should know what they look at.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUDUSD D1 chart Jan 27.png Size: 73 KB


Good trading folks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,128
  • Jan 26, 2017 7:27pm Jan 26, 2017 7:27pm
Quoting inforserve
{quote} Thanks Pete I want to be consistent month by month. even 3-5%. That is my goal. May I ask your average monthly performance if you don't mind ? or PM to me. You seems like trading quit long with TMS. Cheers;

3% to 5% per month, that is a lot more than what banks give you in interests... and there is inflation to consider too.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,129
  • Jan 26, 2017 7:41pm Jan 26, 2017 7:41pm
Quoting MDTrader
{quote} If I draw major inflection points on EURGBP MN Line chart I come up with this: EG_MN_Lines.png;2157879 I try to consider only the major swings and draw just the lines that bounced the price going forward. I am curious how others give weight to these swings. If I zoom out on my D1 trading chart then I see the 'empty space' from 0.8350 down to 0.8100 EG_D1_Trading.png;2157897 {image} {image}

Hi MDTrader,

Good to see your post.

Using the MN Line Chart to look for those MN swing levels is correct. We use the significant swing points where there are major price reversal seen on the MN charts.
These are the level I see on all my D1 chart.

There is a history how traders use to trade the Line Charts which go back many years. I started in the 1980s and trade the stock market using only the Line Chart ... the day close prices. Back then , we have no personal computers, we plot our stock price on graph sheets every night after the market closed and draw/update the line charts. Then came the PC revolution and since then we have lots of trading tools and retail online trading with the internet.

More will follow in the coming weeks on how we PLAN, BUILD and RUN trading with the 5-Method. This will help use trade with proven money management and risk management to grow our trading account to create wealth.

Good to have you onboard.

Talk soon.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,130
  • Jan 26, 2017 7:42pm Jan 26, 2017 7:42pm
Quoting emmanuel7788
{quote} XAUUSD D1 chart Jan 27: I was wrong yesterday, it overshot the 1190.43 and did better than what I have in my trade plan. New levels today and after that we see what happen next week. My chart below - those moving averages to see what the herd look at. We do not follow the herd but we should know what they look at. XAUDUSD D1 chart Jan 27.png;2158928 Good trading folks. {image}
Hello emmanuel, did you tweak your RSI config do 10,5?

tks
  • #75,131
  • Jan 26, 2017 8:20pm Jan 26, 2017 8:20pm
Quoting wolftraderbr
{quote} Hello emmanuel, did you tweak your RSI config do 10,5? tks

Hi,

Yes, I changed my RSI settings to 10,5,34,3,1,7...
there are many version of the Traders Dynamic Index which is nice a nice marketing tool.
Big E used the TDI Red Green which has a 'flaw' but we do not know if that flaw was intentional by its creator or a programmer error.
Since the first version of the Traders Dynamic Index was released, there are newer versions between 2008 and 2016, - TDI Advanced, Fast TDI, TDI Pro, etc.
Every new version came with some changes to the trading rules... it is like curve fitting.
There is only one constant which remains the same - the PRICE ACTION and SUPPORT/RESISTANCE trading.

To know how the TDI work, you must read this book:

RSI: The Complete Guide Post#27,110 by John Hayden

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,132
  • Edited 9:37pm Jan 26, 2017 9:27pm | Edited 9:37pm
Quoting emmanuel7788
{quote} Hi, That trade plan has nothing to do with what you mentioned - TDI cross & double insider break etc. For me, Position trading on D1 chart timeframe is a lot easier after I have done my Big Picture Plan and determined what the Market Type is. Market Type is taught by Dr Van Tharp which I adapted into forex trading. In the GBPUSD trade, when the market enters into the 'buy zone' on D1 chart on Jan 17 Close, that is when I decide to buy on Jan 20. It is similar to how I trade the Equities market EOD trading by looking at the Day chart closing...
Hi Emmanuel

You said that the pair entered buy zone on 17 of Jan at D1 chart but you entered the trade on 20 of Jan.
I assumed that you were waiting for pull back or waiting from the price support at MN S/R line.
Is my assumption is correct ?
Also you said that I brought a premium price on eur/aud trade.
My question is Do you usually enter the trade after pullback on D1 position trading as even H4 TF ?

I hope it's not going to spend too much of your time.

Thanks!!
  • #75,133
  • Jan 26, 2017 10:58pm Jan 26, 2017 10:58pm
Quoting Pipsters
Last one for the night, just took this short on GBPAUD. Have taken in 100 pips today using this strategy! I will update tomorrow - good night! t6.png;2157888 {image}
An update on last night's short: -35 pips

Emmanuel - thanks for your ongoing help.

Will your plan, build and run trading be posted in this thread or are you planning on posting a new thread? I look forward to following your progress.
  • #75,134
  • Jan 27, 2017 12:25am Jan 27, 2017 12:25am
Quoting Pipsters
{quote} An update on last night's short: -35 pips Emmanuel - thanks for your ongoing help. Will your plan, build and run trading be posted in this thread or are you planning on posting a new thread? I look forward to following your progress.

Hi Pipsters,

your GBPAUD H4 trade is very typical why taking TDI cross trades in certain market condition will end in losses.
we must learn to pick only the best setups like Big E. What are the best setups? I call them A+++ setups which Big E did not teach us here.
I hope by now you learned and see the market condition and why that GBPAUD H4 trade should be avoided.

I have posted many of my ME/ME trades in the 2 years with lot of pre-trade planning and also live trades and how I manage those ME/ME trades. Those are some example of my PLAN, BUILD and RUN trading using this same 5-Method. Read my old posts starting in 2015 and those weekly trade account summary.
there will be weekly exercises in this thread starting this week for PLAN, BUILD and RUN project. Those of you interested must do these weekly exercise and show commitment to learn and to become better traders. The trading method is the same 5-Method by Big E.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,135
  • Jan 27, 2017 12:35am Jan 27, 2017 12:35am
Quoting emmanuel7788
{quote} Hi Pipsters, your GBPAUD H4 trade is very typical why taking TDI cross trades in certain market condition will end in losses. we must learn to pick only the best setups like Big E. What are the best setups? I call them A+++ setups which Big E did not teach us here. I hope by now you learned and see the market condition and why that GBPAUD H4 trade should be avoided. I have posted many of my ME/ME trades in the 2 years with lot of pre-trade planning and also live trades and how I manage those ME/ME trades. Those are some example of my PLAN,...
Emmanuel7788, you need to open a new thread for this PLAN, BUILD, and RUN project. I know that some are going to attack me for saying that and this but this is not your thread and you will cluster this thread with this project. Respect the owner of the thread and take this project to another thread. This is not the place for this.
  • #75,136
  • Edited 1:41am Jan 27, 2017 12:42am | Edited 1:41am
Quoting Black
{quote} Cheer up, man!
Hi Black
4 month ago I did not know TMS and now I know a little bit more. Not much just just enough to realise that something is not right in this thread.

Black do you real honestly think BigE will allow Emmanuel7788 to post this in his thread
http://www.forexfactory.com/showthre...40#post9465140
".........................the TDI is not in the winning edge equation."

the following phased is used by you:
"people who are honestly wanting to learn to become profitable with Big E's method " which is based on the so called "loseing" TDI.

Show me please where did BigE talked about: empty space, inside bar, "Plan, Build and Run for Position trading on Day charts "
(there are more that can be copy /paste)
Those are topic's that Emmanuel7788 have introduced into Trading Made Simple

Again like every friend of Emmanuel7788 you ignore the obvious, blame the person that is objecting by making assumption about him to shift the focus away from
what Emmanuel7788 is doing. It is called "psychology warfare"

Reread ever poste again Black and you will notice the following phrase are repeated constantly in every negative post.
(again copy and paste directly form BigE)
#1718 - Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES.
#486 - If you want to share your other ways or indicators then PM the person that is interested. Don't post it on our thread

I want to learn BigE's Trading Made Simple not Emmanuel7788 Trading Made Simple.

ignorance is bliss
  • #75,137
  • Jan 27, 2017 12:44am Jan 27, 2017 12:44am
Quoting inforserve
{quote} Hi Emmanuel You said that the pair entered buy zone on 17 of Jan at D1 chart but you entered the trade on 20 of Jan. I assumed that you were waiting for pull back or waiting from the price support at MN S/R line. Is my assumption is correct ? Also you said that I brought a premium price on eur/aud trade. My question is Do you usually enter the trade after pullback on D1 position trading as even H4 TF ? I hope it's not going to spend too much of your time. Thanks!!

Hi Inforserve,

No worry about my time, I am retired and have plenty of time at my disposal. helping traders is what I love to do and when I see their progress and that they start to become profitable after struggling for years, that is the satisfaction I get being in this thread. Just this week, I received a PM from one trader here to share with me that he is now profitable after sometime following this thread. But there are also those who have tried for many years and have given up.

Why I did not trade GBPUSD on earlier on Jan 17?
You know that I have the 16 pairs on my watchlist and there are 4 groups of currency pairs.
I pick only 5 pairs maximum to trade, risking 1% to 2% for each pair. This make s maximum 10% at any one time I have open trades.
Which pairs do I pick?
read this old posts
http://www.forexfactory.com/showthre...69#post9249069
http://www.forexfactory.com/showthre...70#post9132070

in that week, I had AUDUSD and EURUSD trade baskets running and that is one reason why I did not open a new basket with GBPUSD. The other reason is the big candle which is a Wide Range Bar. I do not chase after WRB without a careful risk management plan with Position Building.
When I am comfortable with profit banked-in from other trades and my margin levels are good, then I will start a new basket with GBPUSD.

When there is price pullback, this is opportunity to use the pullback to Build Positions to get a better overall average entry price. You have to be confident with what you see in the price action and the potential depth of the retracement (pullback). Sometimes the retracement get too deep and threaten our stop loss and we need to deal with such situations to cut some losses in older trades to have a healthy margin level and avoid too heavy drawdowns. Like I said many times, we have some llosing trades but fewer losing baskets.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,138
  • Jan 27, 2017 12:48am Jan 27, 2017 12:48am
Quoting emmanuel7788
{quote} Hi Pipsters, your GBPAUD H4 trade is very typical why taking TDI cross trades in certain market condition will end in losses. we must learn to pick only the best setups like Big E. What are the best setups? I call them A+++ setups which Big E did not teach us here. I hope by now you learned and see the market condition and why that GBPAUD H4 trade should be avoided. I have posted many of my ME/ME trades in the 2 years with lot of pre-trade planning and also live trades and how I manage those ME/ME trades. Those are some example of my PLAN,...
Im in!
  • #75,139
  • Jan 27, 2017 12:53am Jan 27, 2017 12:53am
Would appreciate any feedback on this trade - I am a complete newbie!
Attached Image (click to enlarge)
Click to Enlarge Name: t1.png Size: 35 KB
  • #75,140
  • Jan 27, 2017 12:54am Jan 27, 2017 12:54am
Sorry - I went long on the vertical line
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