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Trading Made Simple

  • #77,381
  • Mar 15, 2017 1:27pm Mar 15, 2017 1:27pm
Today March 16,

Lots of tier one data and news.

Be prepared for market volatility.

Always trade with Stop Loss.

Preservation of Trading Capital is top priority.

FF News calendar below. There is one event which is not in the calendar.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,382
  • Mar 15, 2017 1:28pm Mar 15, 2017 1:28pm
Quoting emmanuel7788
{quote} What do you mean - doing this? and who is 'us' that you represent?
Well emmanuel - it seems that you are driving to close this thread ie "doing this" (by reading previous posts) so the question from frenchy is valid!! Why do you feel the need to close the thread to stop others using it (those are the "us" frenchy is referring to)

Where will subscribers to BigE methods go if you have this thread closed?
  • #77,383
  • Mar 15, 2017 1:35pm Mar 15, 2017 1:35pm
Quoting neil001
{quote} Well emmanuel - it seems that you are driving to close this thread ie "doing this" (by reading previous posts) so the question from frenchy is valid!! Why do you feel the need to close the thread to stop others using it (those are the "us" frenchy is referring to) Where will subscribers to BigE methods go if you have this thread closed?

I am not sure if that is what he meant and he did not reply my question.

Thanks for saying what you think he meant. I was assuming that too but I thought I better ask him.

I think this subject has received enough attention for one day, so let whatever that can happen , let that happen.

SomeOne will start a new trading made simple thread.
AnyOne can start a new thread.
EveryOne can start their own thread.
NoOne is doing it now.

Who is the One, we shall see.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,384
  • Mar 15, 2017 1:36pm Mar 15, 2017 1:36pm
Here is my latest daily trade opened Feb 15
Sell GBPUSD @ 1.2466, Initial stop: 1.2612, T/P: 1.2100
Trailing Stop hit today at 1.2309
Out with +146 pips.
Attached Image (click to enlarge)
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  • #77,385
  • Mar 15, 2017 1:40pm Mar 15, 2017 1:40pm
Quoting Experts123
{quote} nice chart mate 3 indi only... {image}

Experts123,

you naughty boy.... 'Additional Username'.

but I see your charts posted and I see that your are already a trader.

you will continue to make money

and do not forget your social responsibility to help the folks in your community.

take good care,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,386
  • Mar 15, 2017 1:45pm Mar 15, 2017 1:45pm
Quoting michael_k
Here is my latest daily trade opened Feb 15 Sell GBPUSD @ 1.2466, Initial stop: 1.2612, T/P: 1.2100 Trailing Stop hit today at 1.2309 Out with +146 pips.{image}

Have you tried using Trail_By-Previous D1 candle High/Low?

If you do, most often 80% of the time you get more profits and exit before the TDI cross in the opposite direction of your trade.

The exit is when the candles starts to become small ... small candles, losing momentum, the consolidation before the next reversal or continuation.

Do more back-testing and you will see how it will work. Develop your Exit Strategy based on your back-testing and then forward-testing data.

That is how we developed TMS-II in 2013.

Edit: add chart with comments

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,387
  • Mar 15, 2017 1:52pm Mar 15, 2017 1:52pm
Quoting faatkumo
Has anyone taken H4 entries this week based on this TMS system? If so please let us know, or post image of entries.
Live Trades

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  • #77,388
  • Mar 15, 2017 1:53pm Mar 15, 2017 1:53pm
Quoting michael_k
Here is my latest daily trade opened Feb 15 Sell GBPUSD @ 1.2466, Initial stop: 1.2612, T/P: 1.2100 Trailing Stop hit today at 1.2309 Out with +146 pips.{image}


How did you derive your 1.2612 SL?
  • #77,389
  • Mar 15, 2017 2:16pm Mar 15, 2017 2:16pm
Hi Emmanuel,

Quoting emmanuel7788
Have you tried using Trail_By-Previous D1 candle High/Low?
I think moving the trailing stop to the previous D1 high/low is too tight. I played a lot with various ways of trailing the stop and what works the best for me is moving it to the high/low of D1 #3 (if we count the current D1 as #1, previous D1 as #2 and the one before that as #3).

In this particular trade the trailing stop was actually above the high of H4 block.

Quoting emmanuel7788
If you do, most often 80% of the time you get more profits and exit before the TDI cross in the opposite direction of your trade.
I agree in general it will work in a good established trend but for example in this particular trade it would have stopped me out couple days ago whereas yesterday it was just 10 pips short of the profit target...

Quoting emmanuel7788
Edit: add chart with comments
Thanks!
  • #77,390
  • Mar 15, 2017 2:20pm Mar 15, 2017 2:20pm
Hi Faatkumo,

Quoting faatkumo
{quote} How did you derive your 1.2612 SL?
This is about 150 pips away from the (current at the time) price and even though it was not above the local extremum, it was far enough and close to the top of the resistance range.
  • #77,391
  • Mar 15, 2017 2:20pm Mar 15, 2017 2:20pm
Today's Pick

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  • #77,392
  • Mar 15, 2017 2:28pm Mar 15, 2017 2:28pm
Quoting michael_k
Hi Faatkumo, {quote} This is about 150 pips away from the (current at the time) price and even though it was not above the local extremum, it was far enough and close to the top of the resistance range.


How and why did you chose 150 pip as SL?
  • #77,393
  • Mar 15, 2017 2:37pm Mar 15, 2017 2:37pm
Quoting faatkumo
{quote} How and why did you chose 150 pip as SL?
In my opinion this is adequate for most cases on daily timeframe. Sometimes I use more than 150 pips, sometimes less.

The number is really arbitrary, it can be 15 or it can be 1500. You just need to play and see what works the best for you.
  • #77,394
  • Mar 15, 2017 3:58pm Mar 15, 2017 3:58pm
Quoting faatkumo
{quote} How and why did you chose 150 pip as SL?
Faatkumo,

There are a few different ways of selecting a SL distance. Few candle look back, simple ADR/ATR calculations, other side of PAC (if you use the PAC). There really isn't a single correct answer. What truly matters is that you pick a method, and consistently apply it. There is plenty of intelligent discussion further back in the thread, i suggest you have a look and perform some simple backtests in order to gain confidence in the method selected.

One thing is for sure, SL is not arbitrary, it is a critical decision each and every time you open a trade.

All the best,
N
  • #77,395
  • Mar 15, 2017 7:02pm Mar 15, 2017 7:02pm
Quoting Nik-Nyc
{quote} Faatkumo, There are a few different ways of selecting a SL distance. Few candle look back, simple ADR/ATR calculations, other side of PAC (if you use the PAC). There really isn't a single correct answer. What truly matters is that you pick a method, and consistently apply it. There is plenty of intelligent discussion further back in the thread, i suggest you have a look and perform some simple backtests in order to gain confidence in the method selected. One thing is for sure, SL is not arbitrary, it is a critical decision each and every...


Your response it pretty legit.
Good indicator or method to achieve relevant adr/atr for each specific trade?
Thanks in advance.
  • #77,396
  • Mar 15, 2017 8:59pm Mar 15, 2017 8:59pm
Quoting realjumper
{quote} V
Quoting Nellycopter
I
Quoting Davit
{quote} N
Quoting michael_k
C
Quoting Fame of me
{quote} E
Quoting Tekkies
{quote} N
Quoting RondaRousey
{quote}T
Quoting luvene
{quote} T
Quoting lca
{quote} A
Quoting lisat
{quote} Y
Quoting emmanuel7788
We seen some people come here with multiple usernames and got banned by FF administrator. This made them very sore. Good Trading. {image}

Hi Mister Vincent Tay aka emmanuel7788

It's hilarious you imply other members will create multiple usernames when you're the one who has another username: vtayha

https://www.forexfactory.com/vtayha

Here we can look how lastingwell caught him posting as vtayha:

https://www.forexfactory.com/showthread.php?t=479501

But he cried to Twee to extract her post so nobody will remember it.

And he had the nerve to say realjumper was the one having a second username, Hipocresy:

Quoting emmanuel7788
{quote} RealJumper. Too bad Bizzzle got caught by FF admin as additional username or else he will also show up earlier.
He claimed vtayha was a guy on his "trading group" lol

That so-called -trading group- must be that company named: -fxpod- which a group of real TMS traders found out it's whom he really works for.

Seems his job is simple: to find a famous trading thread that lost popularity after the OP left then hijack it and
make it his own so then he could cheat unaware ignorant newbies making them believe they must not work alone but in a -group- to sucess in trading and send them to -fxpod- seminars in order to buy all their crap.

Quoting emmanuel7788
If you have interest to find members in your community, simply post your interest here that you want to join a group near where you live and let those groups members contact you. I will also facilitate your request to join trading groups and i will try match you to those groups I know. Right now there is a new request for TMS traders based in Taiwan but I have only one member interested. have a good weekend.
Now we know why he spends all his weekends leading workshops in Singapore, we assume it's for fxpod

We're waiting for him to share his -special trading tools- that has nothing to do with TMS by Big E.

Quoting emmanuel7788
Sign Up to Forex Factory membership fast and soon you will receive my trading tools.

Real TMS traders are tired of him always criticizing indirectly Davit's method Pivot Trading with TDI whom he's jealous because surely Davit's making more money than him.

Quoting emmanuel7788
{quote} That has nothing to do with any pivot level as rookie traders believed and they all sold Yen at some magical S61 and S78 levels and went horribly wrong.
It's also very disrespecful all the times he has indirecly accussed phx62 of posting fake trades:

Quoting emmanuel7788
{quote} people posting marked up charts with fake trades even during the time when Eric was alive. I would not have noticed until lastingwell replied to a few posts which made me zoom into posted charts for details. Guess what I found..
And how he claimed lastingwell worked for a bucketshop even after her decease when he's the one working for the BS called fxpod.

Quoting emmanuel7788
{quote}the problem here is even a so-called respected master trader or expert trader like lastingwell who worked in a bucket shop in those days did not understand MT4 accounting system and how the data were used in calculation.
I'm sure after this post I will be banned by emmanuel7788, surely I will be labeled as an -additional username- or get -
membership revoked- even when I'm none of that because misteriously after someone doesn't share -emmanuel7788-'s point of view he/she gets suspended or kicked out of FF.

Quoting emmanuel7788
{quote} I suspended GilR today. The suspension is temporary and the forum moderators will deal with the matter accordingly.
After knowing -emmanuel7788-'s real identity and commercial reasons to be here, to the real TMS traders who really want to trade the simple way Big E wished, please don't let this guy disrupt more his legacy, I advice you to write to Twee a complaint and tell him about -emmanuel7788- and fxpod viincule so Twee at least sends him where he has always belonged to: The Commercial Section. (Funny he wanted to ban Tekkies in a similar way).

https://www.forexfactory.com/twee

Surprinsingly all -emmanuel7788-'s friends are now on the commercial section like: X-man, snarlyjack, saranga, etc.

Besides he's always promoting commercial members like james16 and strat or his annoying constant references to Van Tharp who doesn't even trade himself and recently Experts123 who he praised was a great trader but turned out to be an additional username of saranga LOL.

He's been very happy all these years making money off newbies from this thread who wanted to create their -own groups- lol

But this must stop for Eric Franz / Eeelfranz / Big E real wish and legacy.



P.S: It's a shame what happened to your boss Secundo Lee.
Vtayha7788 has suspended me and Twee is missing!!!
  • #77,397
  • Mar 15, 2017 9:16pm Mar 15, 2017 9:16pm
Trading Made Simple

It looks like this thread has lost it's purpose and honesty.

Too Bad BigE you had a good run!
True Grit!
  • #77,398
  • Mar 15, 2017 9:39pm Mar 15, 2017 9:39pm
Quoting hards
Trading Made Simple It looks like this thread has lost it's purpose and honesty. Too Bad BigE you had a good run!
I too agree with you mate! We are loosing track by all this talk.
This must stop Immediately for Eric Franz / Eeelfranz / Big E real wish and legacy. God Bless His Soul!
  • #77,399
  • Edited 10:33pm Mar 15, 2017 9:54pm | Edited 10:33pm
Quoting hards
Trading Made Simple It looks like this thread has lost it's purpose and honesty. Too Bad BigE you had a good run!
No hards.
You wrong. BigE post's have not lost their purpose and honesty.
It is member's that have lost their purpose and honesty.
It is member's that did not respected the OP request not to add or change the system.
It's member's that did not want to Keep It Simple.
It is member's like me and you.

Now new members must suffer to read and study 70 000 + post that members left behind. That is little or nothing to do with TMS / TDI.

It is what you do with BigE post's that count's. Use them, apply them as they should and you will start to benefit from them.
BigE's Trading Made Simple will run for a long time.
  • #77,400
  • Mar 15, 2017 11:44pm Mar 15, 2017 11:44pm
Quoting emmanuel7788
{quote} so it happens today FED raised rates after much anticipation for months. Today EURUSD intraday hit all 3 TPs - TP1, TP2 and TP3 easily USDJPY so far hot TP1 and TP2. Trade away from the Day Open follow 5-Method classic setup. Simple enough for me and lots of day traders. {image} {image}
Quoting emmanuel7788
NZDUSD Mar 15 Intraday hit TP1 {image}
These are hindsight trades in fact there are no actual trades on there just lines made after the fact and you are always complaining others post hindsight trades.

March 15th:
Quote
GBPUSD Week 11
to answer few PMs on GBPUSD,
my bias is bearish until ....
GU has been going up ever since. EA trade that a lot of traders have followed you into (buy) has been going down ever since. So for track record its pretty bad. Hindsight trades posted of course are winners.

And now of course mt7 has been temporarily suspended because he dared to call you out, honesty is a very expensive gift....really Emmanuel?
Success means going from failure to failure without loss of enthusiasm
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