Trading Made Simple | Page 3841 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #76,801
  • Edited 2:48am Mar 9, 2017 2:28am | Edited 2:48am
Quoting luvene
Trading Forex or stocks or whatever is 80% psycho logic and only 20% system/strategy. You can read a lot about it on the Internet. Don't forget this! In other words, don't make it too complicated. Trading is by far one of the most difficult jobs because your emotions take control over you. I know more than anybody else That said, why are you trading on the lower timeframes like 1H / 15M or even lower? It kills you and it makes you more and more nervous. Try it for yourself on the D1 candle for a couple of weeks or months on...
@luvene

I agree that the psychology part (the Mind) is the biggest part of trading after the Method, Money Management.
The money part i.e. the amount of money the trader is trading with is an important part when it comes to trading psychology. Do you agree with this?

What other factors do you know which also affect the psychology when trading?

My experience is that regardless of the timeframe I trade, my mental state does not differ. My focus is always on my trade plan and executing those tasks for trading according to my written plan.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,802
  • Mar 9, 2017 3:49am Mar 9, 2017 3:49am
Quoting emmanuel7788
{quote} @Luvene, Share with us the following: 1) which currency pairs do you trade on D1 charts in the past 2 years, 2015 to 2016? 2) how many trades for each of the currency pair did you do in the last 2 years? Thanks.
Put a lid on it emmanuel. Every time a member voice an opinion that is different to yours he / she must delivery prove. He can most probably post 4, 5, 6 years of trading data. Yesterday you did the same. Asked for a trade on D1 and he gave a day chart trade. Did it prove anything?
Seeing that you always ask for proof when are you going to respond RondaRousey post. For a man that say he has a busy week you have posted 17 post's since then. Surely somewhere between all those post's you could have found the time to respond.
  • #76,803
  • Mar 9, 2017 4:04am Mar 9, 2017 4:04am
hey guys me to use tdi and Synergy_APB1 candle
this's thread very nice...30min up to use tdi indi
i am main trading 5min chart...
eelfranz emmanuel7788 snarlyjack
best trader this thread everyone thank
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Picture5.jpg Size: 162 KB
Click to Enlarge Name: Picture6.jpg Size: 178 KB
Click to Enlarge Name: Picture7.jpg Size: 157 KB
Click to Enlarge Name: Picture8.jpg Size: 144 KB
Click to Enlarge Name: Picture9.jpg Size: 150 KB
Click to Enlarge Name: Picture14.jpg Size: 157 KB
Click to Enlarge Name: Picture16.jpg Size: 200 KB
Click to Enlarge Name: Picture12.jpg Size: 139 KB
maintain discipline
  • #76,804
  • Mar 9, 2017 4:20am Mar 9, 2017 4:20am
Quoting luvene
Trading Forex or stocks or whatever is 80% psycho logic and only 20% system/strategy. You can read a lot about it on the Internet. Don't forget this! In other words, don't make it too complicated. Trading is by far one of the most difficult jobs because your emotions take control over you. I know more than anybody else That said, why are you trading on the lower timeframes like 1H / 15M or even lower? It kills you and it makes you more and more nervous. Try it for yourself on the D1 candle for a couple of weeks or months on...
Hi luvene
Thanks buddy you have just encourage me to go ahead to go ahead and trade on daily time frame. I want to trade to make money not for the sake of trading. So If approaching trading like a snipper will make me money why not? why in a hurry to make a lot of money too quick or too soon. Am really encouraged.
EURCAD H4 25pips.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH4.png Size: 40 KB
  • #76,805
  • Mar 9, 2017 4:22am Mar 9, 2017 4:22am
Quoting Tekkies
{quote} Put a lid on it emmanuel. Every time a member voice an opinion that is different to yours he / she must delivery prove. He can most probably post 4, 5, 6 years of trading data. Yesterday you did the same. Asked for a trade on D1 and he gave a day chart trade. Did it prove anything? Seeing that you always ask for proof when are you going to respond RondaRousey post. For a man that say he has a busy week you have posted 17 post's since then. Surely somewhere between all those post's you could have found the time to respond.
I could not describe it better.
Keep it simple without too many crappy indicators!
  • #76,806
  • Mar 9, 2017 4:36am Mar 9, 2017 4:36am
Quoting emmanuel7788
{quote} @luvene I agree that the psychology part (the Mind) is the biggest part of trading after the Method, Money Management. The money part i.e. the amount of money the trader is trading with is an important part when it comes to trading psychology. Do you agree with this? What other factors do you know which also affect the psychology when trading? My experience is that regardless of the timeframe I trade, my mental state does not differ. My focus is always on my trade plan and executing those tasks for trading according to my written plan.
Back to giving proof emmanuel.
Looking at the chart's you posted with trade's you have taken and the the word's
"always on my trade plan and executing those tasks for trading according to my written plan"
Why don't you give proof of such written plan by posting it before the market open for the week's trading. That way members can see how such a plan is done and how to apply when Price Action does what it does namely the unpredictable.
Thinking of it, since I asked that any member that does Big Picture Planing(BPP) post his BPP no one has and suddenly all posting's about BPP do not appear anymore. Wonder why?
  • #76,807
  • Mar 9, 2017 4:36am Mar 9, 2017 4:36am
The annoying bit about this strategy is that it does not keep the profits running. I feel that the same entry, but with the exit linked to a moving average, a Donchian or even a higher timeframe Heiken Ashi color, would be much more profitable.

k
  • #76,808
  • Mar 9, 2017 5:01am Mar 9, 2017 5:01am
Quoting Experts123
hey guys me to use tdi and Synergy_APB1 candle this's thread very nice...30min up to use tdi indi i am main trading 5min chart... eelfranz emmanuel7788 snarlyjack best trader this thread everyone thank {image} {image} {image} {image} {image} {image} {image} {image}
Expert since you started to use TMS and looking back over the days, week,s or month's did TMS improved / better your trading career?
Am asking because TMS gave me hope to be one day a profitably trader.

Can not tell you to remove all those indicator for you know how to use them. Begin to clean up the chart by removing all those indicator's. Use only the indicators that BigE said you must use. Your trading decisions will be so much easier.
  • #76,809
  • Mar 9, 2017 5:05am Mar 9, 2017 5:05am
Quoting kprsa
The annoying bit about this strategy is that it does not keep the profits running. I feel that the same entry, but with the exit linked to a moving average, a Donchian or even a higher timeframe Heiken Ashi color, would be much more profitable. k
Use the 5EMA Shift 3 as an exit, never the TDI or you will never gain a few hundred pips on any trade. This method works well provided the move doesn't create a steep slope.
Trading thin liquidity at the boundary of the charts
  • #76,810
  • Mar 9, 2017 5:15am Mar 9, 2017 5:15am
Quoting Tekkies
{quote} Back to giving proof emmanuel. Looking at the chart's you posted with trade's you have taken and the the word's "always on my trade plan and executing those tasks for trading according to my written plan" Why don't you give proof of such written plan by posting it before the market open for the week's trading. That way members can see how such a plan is done and how to apply when Price Action does what it does namely the unpredictable. Thinking of it, since I asked that any member that does Big Picture Planing(BPP) post his BPP no one has...

@Tekkies,

You can keep wondering why because you want to be spoon fed here. You keep wondering with all the negativity.

Nobody is asking for any proof here. I ask for sharing of knowledge and experience. My questions were clearly written and simple to answer. If anyone do not wish to reply my questions/ posts, that is fine with me. Members reading will make their own conclusion. I believ in we must walk the talk. Otherwise, talk is just too cheap.

Members know that I use THV CaveManager to manage my H1 trades. I don't have to look at my charts after I pull the trigger to make the trade entry. using a trade manager, this frees up my time to do other things, like writing in forums.
Using a trade manager, I detach myself from my trades and that way I do not have any emotions issues to deal with. I trust my confidence because I know my trading system Expectancy better than trade probability.
My trade plan, how I trade intraday has been shared in FF and if you bother to look at all my attachments and read all my posts. My trade plan includes the use of trading tools and trade manager EAs. Trading intraday, is the same everyday. I trade Sydney/Tokyo sessions 3 to 5 hours then the London Open. This trade plan was revised and has not changed for the last 5 years.
Those who do their top down analysis will do better and they know that. Those who trade without a trade plan will continue to lose their money. These people know.

Fact is every trader must have a trading business plan written and must have a trade plan ready when they want to trade. Some traders can trade without written plans, but these are very experienced traders.


here are old posts:

Creating a Trading Plan : Post#12,168
Trading Plan (sample template) : Post#33,4261

Good luck.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,811
  • Mar 9, 2017 5:24am Mar 9, 2017 5:24am
Quoting kprsa
The annoying bit about this strategy is that it does not keep the profits running. I feel that the same entry, but with the exit linked to a moving average, a Donchian or even a higher timeframe Heiken Ashi color, would be much more profitable. k

This is true when we follow the OP entry and exit rules. His was cut losses fast but never let profit run approach. He believed in re-entry and again quick exit. He traded with big risk - 15% to 30% per trade using a $10k account back in 2010. He hates to give back pips to the market so he would exit his trades when the price move forward and pulls back 15 to 20 pips. He was happy to keep small ampunt of pips even if it is 10pips.
But 10pips with 4 standard lots at $10 per pips is good money for him. He did that for fun and entertainment. He treated his $10k as entertainment money like money people take to Las Vegas. This is what I learned reading his 1,485 post in FF. He did not recommend anyone trade the way he did with huge risk. I don't mean any disrespect for the dead person but this is the truth about Big E's trading style.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,812
  • Mar 9, 2017 5:28am Mar 9, 2017 5:28am
Quoting RickM
{quote} Use the 5EMA Shift 3 as an exit, never the TDI or you will never gain a few hundred pips on any trade. This method works well provided the move doesn't create a steep slope.
Hi RickM
Am in disagreement with you. Look at attached chart why green flat, hook, check-mark is better. Then you post a chart why 5EMA is better.
Nr 1 to 8
- Every time 5EMA is still going down or up green is already flat, hook or check-marked.
Attached Image (click to enlarge)
Click to Enlarge Name: XM MT4.png Size: 72 KB
  • #76,813
  • Mar 9, 2017 5:33am Mar 9, 2017 5:33am
Extremely thankful to Emmanuel for putting me in the right direction.

USD/JPY D1 trade closed, TP Hit ( I am doing SE/SE at the moment. Still still a lot to learn from Emmanuel)
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY0903.jpg Size: 127 KB
  • #76,814
  • Mar 9, 2017 5:36am Mar 9, 2017 5:36am
Quoting RickM
{quote} Use the 5EMA Shift 3 as an exit, never the TDI or you will never gain a few hundred pips on any trade. This method works well provided the move doesn't create a steep slope.

Hi Rick,

There is another exit method which Big E tested in 2011.
He tested on Daily charts.
Entry on TDI Green cross Red, then hold the trades until Green cross Red in the opposite direction for Exit.
I use this as trade invalidation, but I always reconcile with the higher TF Weekly and Monthly.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,815
  • Mar 9, 2017 5:39am Mar 9, 2017 5:39am
Quoting mazibee
Extremely thankful to Emmanuel for putting me in the right direction. USD/JPY D1 trade closed, TP Hit ( I am doing SE/SE at the moment. Still still a lot to learn from Emmanuel) {image}

A winning trade with minimum floating DD is always a good trade.

Do Not be distracted by the frequent noise in this thread.
Always stay focus in your own trading, learn fast and learn from the best.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,816
  • Mar 9, 2017 5:51am Mar 9, 2017 5:51am
Talking about currency pairs correlation,

what happen to the H1 correlation today since London open?

AU, GU went Down, EU went Up....
UChf follows EU as usual.
UCad follows its Base.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,817
  • Mar 9, 2017 5:54am Mar 9, 2017 5:54am
Hi Tekkies, you are trading the H1 so it is not a good example. Have a look at the same chart on H4. I didn't take this trade as I am in the AU. The signal is at the start of the big Candle around 1.2270. We just follow the PA and ride the 5EMA Shift 3. This trade would of still been gaining pips while I am out Fishing. No stress and imagine if I was adding extra trades at 0.5 ADR100, enough pips here to make a good weeks trading. So, still no exit yet and no TDI.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 34 KB
Trading thin liquidity at the boundary of the charts
  • #76,818
  • Mar 9, 2017 5:58am Mar 9, 2017 5:58am
Quoting RickM
Hi Tekkies, you are trading the H1 so it is not a good example. Have a look at the same chart on H4. I didn't take this trade as I am in the AU. The signal is at the start of the big Candle around 1.2270. We just follow the PA and ride the 5EMA Shift 3. This trade would of still been gaining pips while I am out Fishing. No stress and imagine if I was adding extra trades at 0.5 ADR100, enough pips here to make a good weeks trading. So, still no exit yet and no TDI. {image}

adding extra trades at 0.5ADR ... I LIKE

that is how one can grow their trading account, by scaling in with locked in profits, ... let profits run.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,819
  • Mar 9, 2017 6:13am Mar 9, 2017 6:13am
i am trading price action
this;s my think and trading
emmanuel7788 that's wrong
Attached Image (click to enlarge)
Click to Enlarge Name: Picture20.jpg Size: 140 KB
maintain discipline
  • #76,820
  • Mar 9, 2017 6:24am Mar 9, 2017 6:24am
Quoting Tekkies
{quote} Hi RickM Am in disagreement with you. Look at attached chart why green flat, hook, check-mark is better. Then you post a chart why 5EMA is better. Nr 1 to 8 - Every time 5EMA is still going down or up green is already flat, hook or check-marked. {image}
Hi Tekkies, the chart you attached is good example to be notified of a trend change. However, might not be the best exit example.

I also dont agree with RickM exit method.

Swing low and high are my preferred methods.
71 traders viewing now