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Trading Made Simple

  • #78,301
  • Edited 8:21am Mar 31, 2017 7:25am | Edited 8:21am
Quoting emmanuel7788
{quote} Oanda has a different day open time from many other brokers who uses the NY open as day open. Nevertheless, Price Action is Price Action.. and the market wont reverse that easily with one or two candles.
With OANDA Oz at GMT +3 (broker time) at the moment while NY Open at GMT -4.


This kind of difference with broker time is important for traders who uses the Daily Open and Pivot calculation as part of their technical analysis.

Since DST just happened days ago, when it comes to Pivot Weekly or Monthly... Does it need a reset after a week, for weekly pivot and a month, for monthly pivot?
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #78,302
  • Mar 31, 2017 7:29am Mar 31, 2017 7:29am
Quoting emmanuel7788
{quote} There is Fear and Greed....nothing in between them.
Mhh. Sometimes there is a little profit. What do you think of cable for the next weeks?
Newbies be warned of emmanuel7788. Hes not true.
  • #78,303
  • Mar 31, 2017 7:54am Mar 31, 2017 7:54am
Quoting Malony
{quote} Mhh. Sometimes there is a little profit. What do you think of cable for the next weeks?

I don't waste my time thinking of the upcoming weeks.
I know today is Week 13 closing and it is also Month closing.
So we will see a Weekly candle close, and a Monthly candle closed.
I remember the Oct 2016 MN big candle and ever since then, GBPUSD has been sideways.
I know if I continue to trade conservatively using the Price Action Channel breakout and exit when the HA candle change color, I will be profitable for the rest of this year.
I just need to be discipline and follow the D1 candles one day at a time.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Oct 2016 onwards.png Size: 56 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,304
  • Mar 31, 2017 7:57am Mar 31, 2017 7:57am
Big E wrote about big candles and small candles price action.
Those who stopped learning at the time he stopped posting in Oct 2010 are far lagging behind those continued learning and advancing their price action trading knowledge.
This is the hard truth why 90 to 95% of traders here will remain in that losing group.


So you're saying that Big E was a loser?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #78,305
  • Mar 31, 2017 7:58am Mar 31, 2017 7:58am
Quoting emmanuel7788
{quote} I don't waste my time thinking of the upcoming weeks. I know today is Week 13 closing and it is also Month closing. So we will see a Weekly candle close, and a Monthly candle closed. I remember the Oct 2016 MN big candle and ever since then, GBPUSD has been sideways. I know if I continue to trade conservatively using the Price Action Channel breakout and exit when the HA candle change color, I will be profitable for the rest of this year. I just need to be discipline and follow the D1 candles one day at a time. {image}
Noted...this will be this weekend backtest homework

Have a nice weekend!
  • #78,306
  • Mar 31, 2017 8:04am Mar 31, 2017 8:04am
Quoting emmanuel7788
{quote} I don't waste my time thinking of the upcoming weeks. I know today is Week 13 closing and it is also Month closing. So we will see a Weekly candle close, and a Monthly candle closed. I remember the Oct 2016 MN big candle and ever since then, GBPUSD has been sideways. I know if I continue to trade conservatively using the Price Action Channel breakout and exit when the HA candle change color, I will be profitable for the rest of this year. I just need to be discipline and follow the D1 candles one day at a time. {image}
Ok. Btw. talking time, when can we expect your thread? Would like to post some non TMS trades...
Newbies be warned of emmanuel7788. Hes not true.
  • #78,307
  • Mar 31, 2017 8:24am Mar 31, 2017 8:24am
Quoting realjumper
Big E wrote about big candles and small candles price action. Those who stopped learning at the time he stopped posting in Oct 2010 are far lagging behind those continued learning and advancing their price action trading knowledge. This is the hard truth why 90 to 95% of traders here will remain in that losing group. So you're saying that Big E was a loser?
There is a lot of talk in this thread (mainly does not actually make any sense) and NO ACTUAL PROOF of anyone that is actually making any money (yes I am including Emmanuel in this) since the thread went "off track". I do not want to see newbies posting their accounts of how great Emmanuel is for being here and helping let us have some actual facts and figures like they do on Davits thread. Someone wanted to know how to use a $5000 account with me/me and Emmanuel opened a demo account to show them? Surely with the amount of money he is making $5000 would be chicken feed and put it into a live account with trade explorer if nothing else it would prove he knows what he is doing up until now I have seen nothing to back up any of his claims.

Why do we need to see proof? Because Emmanuel is belittling and diluting a system that works well if you let it and taking over until there is nothing left of the original except a tdi sitting at the bottom of the screen. In order to have the arrogance to do that a "guru" needs to show he can walk the walk.
Success means going from failure to failure without loss of enthusiasm
  • #78,308
  • Mar 31, 2017 8:58am Mar 31, 2017 8:58am
Quoting lisat
{quote} There is a lot of talk in this thread (mainly does not actually make any sense) and NO ACTUAL PROOF of anyone that is actually making any money (yes I am including Emmanuel in this) since the thread went "off track". I do not want to see newbies posting their accounts of how great Emmanuel is for being here and helping let us have some actual facts and figures like they do on Davits thread. Someone wanted to know how to use a $5000 account with me/me and Emmanuel opened a demo account to show them? Surely with the amount of money he is making...
Hello Lisat.
Really with all neccesary respect .. like him or don t , that´s up to you ... and you´ll have your reasons for it ..
.......but as long as your posts here have the same quality as chickennoise, as long you re very welcome to my ignore list .

Don t get me wrong, I read about 20 of your postings and NONE , yes really NONE was any kind of positive contribution ..
KEEP YOUR NEGATIVITY AND DONT SHARE IT WITH US .
You have the chance to PM and let us keep our peace and quiet.

Thanks for your attention @ all Dankeschön !


Sry... for off topic.. but I prefer talking/watching about charts, good/ bad enries.. with a reason why... and I´m not willed to listen other people feelings and thought about ANY member..

Have a nice weekend
Guido
Risiko birgt immer auch die Chance.
  • #78,309
  • Mar 31, 2017 9:06am Mar 31, 2017 9:06am
Quoting lisat
{quote} There is a lot of talk in this thread (mainly does not actually make any sense) and NO ACTUAL PROOF of anyone that is actually making any money (yes I am including Emmanuel in this) since the thread went "off track". I do not want to see newbies posting their accounts of how great Emmanuel is for being here and helping let us have some actual facts and figures like they do on Davits thread. Someone wanted to know how to use a $5000 account with me/me and Emmanuel opened a demo account to show them? Surely with the amount of money he is making...

You're quite correct in what you say. I'm sure you can recall, but I'll post the link for those who weren't here at the time ( https://www.forexfactory.com/showthr...06#post9174706 ). In the exchange I simply, and politely asked that Emmanuel provide a trade explorer or the link to his FXbook account to validate the alleged equity curves he was posting every month. You'll recall that the finacial information that he was revealing in his alleged equity curves would be no more or less invasive than the TE or FXbook.....in fact the financial information should be exactly the same, should it not? Yet, it took 4 pages of Emmanuels wriggling and squirming with all number of ridiculous excuses as to why he would not produce the TE or FXbook links with which to support his alleged equity curve claims!! He went on to say that 'anyone who wanted to see his FXbook could ask him privately and he would show them. Of course that little claim soon got lost in the flood of Emmanuel posts.....but.....not before someone took him up on that statement and asked him for the link to his FXbook so that he could validate Emmanuels claims. Needless to say, more excuses followed and the request was denied.

What does that tell us? It tells me that this Emmanuel person who was been trading for 25 years...sorry....that jumped to 30 years last week....refuses to support his claims simply because he cannot. What other reason could there be?

As you correctly say, if he is making the money he claims to be making, and has been for 25 or 30 years (or whatever the latest count is), then it should be no problem to a) post a link to validate his claimed equity curve statements, and b) open a REAL account with not less than $5k to show that he really is the real deal.
To try to support his claims with a demo account is laughable. For someone who has an answer for everything and who (as you say) has the arrogance to belittle the owner of this thread who is no longer with us, there is no evidence of any real trading going on here....and this is not only sad for the legacy of Big E, it's also sad for those who wish to learn his system for they really now have no chance.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #78,310
  • Mar 31, 2017 9:11am Mar 31, 2017 9:11am
Quoting Sesamstrasse
{quote} Hello Lisat. Really with all neccesary respect .. like him or don t , thats up to you ... and youll have your reasons for it .. .......but as long as your posts here have the same quality as chickennoise, as long you re very welcome to my ignore list . Don t get me wrong, I read about 20 of your postings and NONE , yes really NONE was any kind of positive contribution .. KEEP YOUR NEGATIVITY AND DONT SHARE IT WITH US . You have the chance to PM and let us keep our peace and quiet. Thanks for your attention @ all Dankeschn ! Sry......
Sesamstrasse - You're missing the point. The point is that this thread is Trading Made Simple by Big E. Big E has set the rules for this thread and one of those rules (as has been posted many times) is to NOT change the system and to NOT add indicators etc etc. Big E is no longer here to speak for himself, but others are...and we WILL speak to defend his legacy because he cannot.

Whatever Emmanuel does or doesn't do in *his own thread* is entirely his business and I will never go to that thread.....but I will not be silent while this thread is trashed and newbies are lead down the garden path into the abyss of confusion.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #78,311
  • Mar 31, 2017 9:18am Mar 31, 2017 9:18am
Quoting realjumper
{quote} Sesamstrasse - You're missing the point. The point is that this thread is Trading Made Simple by Big E. Big E has set the rules for this thread and one of those rules (as has been posted many times) is to NOT change the system and to NOT add indicators etc etc. Big E is no longer here to speak for himself, but others are...and we WILL speak to defend his legacy because he cannot. Whatever Emmanuel does or doesn't do in *his own thread* is entirely his business and I will never go to that thread.....but I will not be silent while this thread...
Hi RJ .
.. ooh .. I really dont wanna say Emmanuel is great in everything he does.. nono.. no doubt..
...
.. But hes posting charts , and talking about trading...

Posing files and answers questions... .

Most of the posting have an excellent explanation .. like it or not .. they re really good ..

And thats what I expect to see from a member..

Thats please all I want to see here ..
Thanks for your understanding

Guido
Risiko birgt immer auch die Chance.
  • #78,312
  • Mar 31, 2017 9:28am Mar 31, 2017 9:28am
Quoting Sesamstrasse
{quote} Hi RJ . .. ooh .. I really dont wanna say Emmanuel is great in everything he does.. nono.. no doubt.. ... .. But hes posting charts , and talking about trading... Posing files and answers questions... . Most of the posting have an excellent explanation .. like it or not .. they re really good .. And thats what I expect to see from a member.. Thats please all I want to see here .. Thanks for your understanding Guido

Hiya,

Well...analysis of what happened in the past is very easy to do and it's even easier to post hindsight charts and trades!

That said, I would have less of an issue about the whole deal if this thread was not taken completely over and the express written wishes of Big E completely ignored. As I mentioned before, others have started their own threads with their own 'flavour' of Trading Made Simple, and I take my hat off to them. That's the proper thing to do. It's not right to trample on the express written wishes of the thread owner, moreso when he cannot be here to speak for himself.

I have no wish to have to post like this, but I won't stand by and just let it happen. Emmanuel needs to either open his own thread NOW...or stop posting his own flavour of TMS here. It's really that simple.

Now it's way past my bed time!!

Have a great weekend
Doing what you like is Freedom. Liking what you do is Happiness.
  • #78,313
  • Edited 11:15am Mar 31, 2017 9:33am | Edited 11:15am
Quoting realjumper
{quote} Sesamstrasse - You're missing the point. The point is that this thread is Trading Made Simple by Big E. Big E has set the rules for this thread and one of those rules (as has been posted many times) is to NOT change the system and to NOT add indicators etc etc. Big E is no longer here to speak for himself, but others are...and we WILL speak to defend his legacy because he cannot. Whatever Emmanuel does or doesn't do in *his own thread* is entirely his business and I will never go to that thread.....but I will not be silent while this thread...
IMO.... since I joined FF, this thread always has something to argue about with regards to Big E's legacy or rules of this thread. He left us with valuable information indeed using his TMS method to follow and so the rules of this thread, I believe if one or more members who are truly very much committed or vocal about protecting the legacy of Big E may need to communicate with FF Administrator and ask to be the replacement Admin (if possible) of this FF thread so that there will be a new thread owner that controls or police members without any more arguments or bickering of whatsoever. If this is not possible, the best option is to create a new thread with the same TMS Method as a core. If the said options cannot be done, then these type arguments will continue to go on and on... with new and old members coming in&out. I think if he's alive today, he would have moved on and introduce an upgraded version of his TMS method --This is just my opinion as the way he progresses with his TMS method before. He continued to test the TMS method and even tried D1 trading wherein he's not able to post anymore with further results... as he left this world. BUT at this point, no one really knows if he might still the using the same TMS method or maybe a much better one.

Otherwise... stop being a legacy protector of sorts. You won't be successful doing that here... because, despite members tried and tried to do such, still they won't stop arguing since Big E... as NO ONE owns this thread anymore, of course with the exception of FF Admins that controls all threads using the general rules. At the moment, this thread is like a country without a leader and only the United Nations (forexfactory) is looking over this thread ; )-

Kindest regards,
v2v
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #78,314
  • Mar 31, 2017 10:35am Mar 31, 2017 10:35am
Quoting emmanuel7788
{quote} I don't waste my time thinking of the upcoming weeks. I know today is Week 13 closing and it is also Month closing. So we will see a Weekly candle close, and a Monthly candle closed. I remember the Oct 2016 MN big candle and ever since then, GBPUSD has been sideways. I know if I continue to trade conservatively using the Price Action Channel breakout and exit when the HA candle change color, I will be profitable for the rest of this year. I just need to be discipline and follow the D1 candles one day at a time. {image}
I think when you combine it with MTF-Analysis/BPP/MEME this will be great...
  • #78,315
  • Mar 31, 2017 12:43pm Mar 31, 2017 12:43pm
Quoting Deichkind
{quote} I think when you combine it with MTF-Analysis/BPP/MEME this will be great...
Bpp meme sounds infectious
  • #78,316
  • Mar 31, 2017 12:57pm Mar 31, 2017 12:57pm
Smart cut loss has taken out my EURGBP trade, but thats to protect our account

Attached Image (click to enlarge)
Click to Enlarge Name: EG Cut Loss.JPG Size: 68 KB
  • #78,317
  • Mar 31, 2017 1:23pm Mar 31, 2017 1:23pm
Quoting Scrambleguy
{quote} Bpp meme sounds infectious
I'm still not good when it comes to trading acronyms... what is BPP?
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #78,318
  • Mar 31, 2017 1:30pm Mar 31, 2017 1:30pm
BPP means the Big Picture Plan , the overall picture where you will define your trade direction, targets and so on
  • #78,319
  • Mar 31, 2017 1:35pm Mar 31, 2017 1:35pm
Quoting v2vboni
{quote} I'm still not good when it comes to trading acronyms... what is BPP?
basically planning ahead. assessing the strong levels and looking at price action ..
It's in fear when people show what they truly value.
  • #78,320
  • Edited 1:49pm Mar 31, 2017 1:38pm | Edited 1:49pm
Quoting Deichkind
BPP means the Big Picture Plan , the overall picture where you will define your trade direction, targets and so on
hmmm.... I am generating something like this one (COT reports - calculated based on my daily candle closed price) over the weekend, then check currency pairs correlation, current price action, upcoming news and other confluences as part of my BPP. From the reports I generated below, I removed the CHF currency as I chose not to trade any CHF pairs.

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 52 KB


You can choose to make your own reports and do your own analysis or formula to generate reports base on COT.
Example excel sheet >>> here
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
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