Trading Made Simple | Page 3876 | 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

  • #77,501
  • Mar 16, 2017 2:55pm Mar 16, 2017 2:55pm
Quoting TheRock
{quote} Can Emmanuel explain this one? Big E taught us to trade breakout of Darvos Box, didn't he? He only quotes Big E when it applies to what he preaches.

eelfranz traded the stock markets for years before he switched to forex. He told us in his posts.

Darvas Box trading by Nicolas Darvas was popular during Big E' times. Many trading schools sold their system based on Darvas theory. I am sure Big E made money trading with Darvas based trading system. I did make some money trading the stock market between 1995 and 2009.

You cannot trade the Darvas Box theory in spot forex without some adaptations to make it work in spot forex. The is one missing piece of data which you do not have in spot forex market. But you can use another piece of data/information to trade spot forex on long term trading. Its not 100%, nothing is 100%. Is 50% good enough? Yes.
Some here already know that.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,502
  • Mar 16, 2017 2:59pm Mar 16, 2017 2:59pm
Quoting pips29
{quote} hope you have taken profit for u/y has turned and heading towards 114.50 soon
Pips the internet is not very stable at the moment. Can not trade much. Metatrader is givening a lot of common error.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 22 KB
  • #77,503
  • Mar 16, 2017 3:13pm Mar 16, 2017 3:13pm
Quoting michael_k
Hi Scrops, {quote} Great trading! It reminds me Phx62 posts. Very impressive. What timeframe is that? H1?
Thanks and yes H1 time frame
I Have Learned to Take Some Losses to Make Profits
  • #77,504
  • Mar 16, 2017 3:15pm Mar 16, 2017 3:15pm
Quoting faatkumo
{quote} gorgeous chart i must say can you advise your list of indicators and support/resistance indicator for high/low of yesterday? also, do you follow D1 or H4 for direction at all?
Yes its very important H4/Daily trend for my H1 trades , thanks again

Pls look under my name , theres a post about my template and indicator that u can use
I Have Learned to Take Some Losses to Make Profits
  • #77,505
  • Mar 16, 2017 3:17pm Mar 16, 2017 3:17pm
Quoting emmanuel7788
{quote} Good trades TSS. I am sure there are various thoughts behind those trade taken. The approach is very good. I LIKE. The power of X-Man' trading philosophy and Phx62' simple teaching on his charts can be great lessons when combined together.
Thanks Emmanuel

I have studied phx62 day in day out for the whole time , its been 4 years since I started studying his methodology and am still to this date, a little or more time , howver its or how long it will take , I will keep doing what I have done the last several years and hope it works out eventually
I Have Learned to Take Some Losses to Make Profits
  • #77,506
  • Mar 16, 2017 3:19pm Mar 16, 2017 3:19pm
Quoting michael_k
Hi Emmanuel, {quote} My take is that he probably wanted it to be traded exactly as he laid it out without adding additional indicators. Do you think your suggestions to close this thread contribute to what you quoted from Big E or disrupt the thread?

Hi Michael,

I have no doubt that he wanted people to trade the way he laid out. But also some of his posts, he did give some leeway to other things like for example to use the TDI Yellow line. There are others exception he made. He traded the way he did and it worked for him. Many tried to trade like him even trying to follow his style very closely and obviously did not work our.

I followed this thread for 5 years and have seen a lot of happenings during the past 5 years.
I don't know if Big E would be happy when his system is being sold online and using his name and posts in FF as part of the selling to make money from innocent people.

As I mentioned in my previous posts, my stuff shared here in FF also taken and sold by someone whom I trusted. My biggest mistake in trusting people online. I learned so now I am smarter.

By the way, 'closing' was probably the wrong word used. I think locking this thread to prevent new posting would be better. I recall this thread was once locked before but later released. I don't know the reason but I did ask FF admin. Since Big E is no longer here to answer questions. Anyone coming here to answer questions which I did for years is now accused of many things. Is this fair?

Trying to learn by reading pdf compilations is not enough and neither an effective way to learn to trade. It has to be interactive teaching and learning with active participation. No amount of 'cut-and-paste' job will help anyone learn to trade. TMS is a discretionary trading using the 5-Method and Post#647 requires a lot of discretional decision on the part of the trader.


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,507
  • Mar 16, 2017 3:23pm Mar 16, 2017 3:23pm
Quoting emmanuel7788
{quote} eelfranz traded the stock markets for years before he switched to forex. He told us in his posts. Darvas Box trading by Nicolas Darvas was popular during Big E' times. Many trading schools sold their system based on Darvas theory. I am sure Big E made money trading with Darvas based trading system. I did make some money trading the stock market between 1995 and 2009. You cannot trade the Darvas Box theory in spot forex without some adaptations to make it work in spot forex. The is one missing piece of data which you do not have in spot forex...
I think you missed my point.

This is Big E's thread. He wants people to trade his method and no other.

You have introduced so many ideas here and different ways to enter the market but Big E wanted us to stick to his in HIS thread.

Like he said in the post I posted of his. He would've gotten rid of you if he was alive because you are taking away from his method.

Just please start your own thread.
  • #77,508
  • Mar 16, 2017 3:24pm Mar 16, 2017 3:24pm
Quoting Fame of me
{quote} I don't agree with him on a lot, but this, oh yeah Well said, well said

FOM,

you and I agree on 50% and disagree on the other 50%, right?

that is normal and we are still on good talking terms like mature adults.

I do miss Germany a lot, especially Munich. My times there were the best times of my life.

kind regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,509
  • Mar 16, 2017 3:26pm Mar 16, 2017 3:26pm
Hi Scorps

Quoting TheScorpS
{quote} Thanks and yes H1 time frame
You have now 1 more subscriber. . Hope to see more of your posts here.
  • #77,510
  • Mar 16, 2017 3:29pm Mar 16, 2017 3:29pm
Quoting TheRock
{quote} I think you missed my point. This is Big E's thread. He wants people to trade his method and no other. You have introduced so many ideas here and different ways to enter the market but Big E wanted us to stick to his in HIS thread. Like he said in the post I posted of his. He would've gotten rid of you if he was alive because you are taking away from his method. Just please start your own thread.
You are assuming. Do not assume what a dead man would do and can do. You profile say you are an optometrist, right?

I will be here to answer questions and share my knowledge and experience with all who want to learn to trade and to trade the 5-Method.

If I want to start a new thread , it wont be trading made simple. It wont help people with tunnel vision.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,511
  • Mar 16, 2017 3:34pm Mar 16, 2017 3:34pm
Quoting Fame of me
{quote} I don't agree with him on a lot, but this, oh yeah Well said, well said
Hi Fame
What happens when the mentor is not up to standard?
  • #77,512
  • Mar 16, 2017 3:36pm Mar 16, 2017 3:36pm
good afternoon

Sorry that I skipped reading the posts today ,most of them anyway. looking only at charts and trading related stuff.

I am not going to respond to anything, nor discussing anything about the next line.

google this : stop moaning and start improving

and try to keep an open mind to ALL the information shared.

and that's all I had to say

have fun
  • #77,513
  • Mar 16, 2017 3:36pm Mar 16, 2017 3:36pm
Quoting emmanuel7788
{quote} You are assuming. Do not assume what a dead man would do and can do. You profile say you are an optometrist, right? I will be here to answer questions and share my knowledge and experience with all who want to learn to trade and to trade the 5-Method. If I want to start a new thread , it wont be trading made simple. It wont help people with tunnel vision.
But you post in a thread called Trading Made Simple.

Just make your own thread, I would actually subscribe to it.

But what you are doing in here makes no sense.
  • #77,514
  • Mar 16, 2017 3:39pm Mar 16, 2017 3:39pm
Quoting TheScorpS
{quote} Yes its very important H4/Daily trend for my H1 trades , thanks again Pls look under my name , theres a post about my template and indicator that u can use


For H4/D1 do you follow the same thing of entry, such as TSI crossing the way you would for your H1 entry rules?? or just HA candles below or above EMA5?

Thanks in advance
  • #77,515
  • Mar 16, 2017 3:39pm Mar 16, 2017 3:39pm
Quoting emmanuel7788
Learn from the best, know the differences between averaging down, scaling and adding to losing positions. there are pros and cons, there are benefits when you know how how professional traders trade. read what Boris Schlossberg has to say in an old article. {image}

EURAUD Week 11 trades closed.
2 losses , 2 wins in one basket. But still profitable, how come?

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Week 11 trade closed.png Size: 33 KB


trades done in weekly timeframe but I show you details in D1 below.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Week 11 MEME trades closed.png Size: 36 KB


Be patient. Do not jump to conclusion so quickly that it was a bad trade against the trend, etc.

Learn to trade like the professional do.

Margin Call - what is margin call? Use margin call when you do not not want to use Stop Loss. After Jan 15, 2015, you should read the fine small print of your broker agreement. Margin call will not save you when you do not place a stop loss.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,516
  • Mar 16, 2017 3:42pm Mar 16, 2017 3:42pm
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 54 KB
  • #77,517
  • Mar 16, 2017 3:45pm Mar 16, 2017 3:45pm
Quoting emmanuel7788
{quote} EURAUD Week 11 trades closed. 2 losses , 2 wins in one basket. But still profitable, how come? {image} trades done in weekly timeframe but I show you details in D1 below. {image} Be patient. Do not jump to conclusion so quickly that it was a bad trade against the trend, etc. Learn to trade like the professional do. Margin Call - what is margin call? Use margin call when you do not not want to use Stop Loss. After Jan 15, 2015, you should read the fine small print of your broker agreement. Margin call will not save you when you do not place...
In that image you just posted. What's going on with the first trade, there's two circles overlapping each other
  • #77,518
  • Mar 16, 2017 3:51pm Mar 16, 2017 3:51pm
Quoting mokuro89
{quote} if you dont understand difference between a trading strategy and a money management strategy you are very far away of making any money in this business.

knowing is one thing,
understanding is another thing,
making it work is yet another thing,
the thing is in the thinking,

I like what Big E said in one of his post ''use your brain, use your eyes,brain, pay attention..., drive it into your brain, ... use brain 18 times.

that was what I did, I hear with my ears and listen with my brain.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E on brain.png Size: 107 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,519
  • Mar 16, 2017 3:59pm Mar 16, 2017 3:59pm
Quoting TheRock
{quote} In that image you just posted. What's going on with the first trade, there's two circles overlapping each other

I can zoom into details on M5 see below. Doing it just for you since you asked politely.

that first order was open with wrong lot size which I had to close quickly at small loss,

then re-open trade with the correct lot size.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUAD order error and re-entry.png Size: 21 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,520
  • Mar 16, 2017 4:00pm Mar 16, 2017 4:00pm
Quoting alwaysposi
So here goes with my first chart post. This is demo trading. Went straight into profit, wandered nowhere for few hours, just closed out for tiny profit as it moved back against me & there was a danger of leaving with nothing. Constructive criticism always welcome........................... {image}
Nothing wrong with that chart or trade taken.
- "danger of leaving with nothing" - sounds like fear. It is on demo trading. Next time wait for green to go flat, hook over or check mark. Look at insoforserver post 77,516 how a check - mark / hook over look's like.
- Green was going strong down. Angle below 04H30 almost 05H00. That means the thread is in a strong down trend.
- Close to level 69. Green has a long way to go down to level 32.
- Stoch is used for direction only. Look how strong is the direction.
- 10 mar 04:00 dot line. support line can stop down trend
115 traders viewing now