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Trading Made Simple

  • #78,901
  • Apr 13, 2017 3:29am Apr 13, 2017 3:29am
Quoting emmanuel7788
{quote} {quote} {image} @TheRock, Your basic mathematics looks to be correct. Your profile says you are an Amatuer Trader & Optometrist. Most newbies, rookies and amatuer traders make the same mistakes in managing their trading capital. They fail to understand money and do not know how to in the managing money to make their money work harder for them. Best of luck to you.
Everyone was an amateur trader/newbie at one point.

Unless you were born an expert, then forgive me.

Please explain why you have a stop loss at a point where it would lead to 30% drawdown. I thought you were meant to be protecting your account.

A 30% drawdown after opening a trading account after less than a month doesn't sound like protection.
  • #78,902
  • Apr 13, 2017 3:37am Apr 13, 2017 3:37am
What can we learn from Big E' risk profile and his money management?

These posts are what I learned from him about how he treats his money and his money management in trading .

He would deposit $10,000 into his trading account and risk 15% to 30% per trade.

https://www.forexfactory.com/showthr...34#post4580234

https://www.forexfactory.com/showthr...79#post4609879

But he being a responsible and prudent man, he would recommend that we limit our trades to 2% to 3%.

https://www.forexfactory.com/showthr...71#post3341971

https://www.forexfactory.com/showthr...67#post3485167

People must really read all his posts and take notes and try understand what he did and form a bigger picture of Big E, the person, his lifestyle and why he traded the way he did. Only after you have done this, you will understand what he meant by trading made simple.
Trading made simple does not guarantee that you will make money trading his 5-Method. He did mention why several times so please do yourself a favour and read all his posts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,903
  • Apr 13, 2017 3:42am Apr 13, 2017 3:42am
Quoting TheRock
{quote} Everyone was an amateur trader/newbie at one point. Unless you were born an expert, then forgive me. Please explain why you have a stop loss at a point where it would lead to 30% drawdown. I thought you were meant to be protecting your account. A 30% drawdown after opening a trading account after less than a month doesn't sound like protection.

Do you have a live trading account with a broker?

Go ask you broker, how many trades and maximum lot size you can trade with that account. When you have the answer, post it and I will explain more to help you and many others here.

What I do most important is preserve my trading capital as top priority. I did post this many times.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,904
  • Apr 13, 2017 3:48am Apr 13, 2017 3:48am
Quoting TheRock
{quote} Everyone was an amateur trader/newbie at one point. Unless you were born an expert, then forgive me. Please explain why you have a stop loss at a point where it would lead to 30% drawdown. I thought you were meant to be protecting your account. A 30% drawdown after opening a trading account after less than a month doesn't sound like protection.

You talk about 30% Drawdown.

Every system has its inherent drawdown.

Go read this post:
https://www.forexfactory.com/showthr...30#post9021130
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,905
  • Apr 13, 2017 3:52am Apr 13, 2017 3:52am
Quoting emmanuel7788
{quote} Do you have a live trading account with a broker? Go ask you broker, how many trades and maximum lot size you can trade with that account. When you have the answer, post it and I will explain more to help you and many others here. What I do most important is preserve my trading capital as top priority. I did post this many times.
I want you to prove me wrong. I want ME/ME to be the way to make money from Fx because then I do not have to look any further and it's all in this thread.

To be honest, Big E did not show any evidence of successful trading, alot of hindsight after closing.

I could do the same thing right now, take every single cross but just post the successful ones.

And people would think I'm a successful trader.

But I do want you to be as successful as you say you are. But you only have shown a trading account from 2 weeks ago, but I hope you do not take it down and you do show people you are the real deal. But respect to you for showing a live account with MEME regardless.

I do not think TMS can be traded purely and successful.

I think it needs something else, and I hope what you show is what it needs.

I'll keep watching anyways.
  • #78,906
  • Apr 13, 2017 3:57am Apr 13, 2017 3:57am
Quoting Deichkind
{quote} I'm also in USDJPY and added one trade at midnight( I'm in Germany), targeting around 106.50 regards

Today is eve of public holidays in many countries and the trading week is shorter.
Expect short term traders will exit the market, so we see pullback on the weekly towards the week closing.
I won't get nervous with some floating losses.
I will get nervous if missiles start flying this weekend but there is nothing I can do when I have open trades.
Therefore I have my POSL to protect my trading accounts.
My trade manager EAs cannot do anything on weekends when brokers don't send me any price ticks.

POSL = Power-Out Stop Loss. This is a condition when we do not have any connection to our brokers for e.g. power outages, internet service interruptions, VPs providers under maintenance, weekends. POSL are set in our brokers terminals.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,907
  • Edited 6:24am Apr 13, 2017 4:00am | Edited 6:24am
Quoting v2vboni
{quote} helllo michael_k, First of all, we have different style of trading, you only trade D1, even we followed TMS-5 here... At times each trade will produce different results based on trader's built-up confidence with each informed trade decisions. Each trade may produce unique results after the fact, but same results that draws a good equity curve. Also, some traders or some OPs posted mostly trades that fall or looks perfectly in their shared method/system/strategy---but not all, some are honest enough to show or tell that it doesn't look perfect...
Looking at chart you posted. You are not using TDI with post#647 correctly. Buy order's on H1 in down trend. You were lucky it did work out for you.
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  • #78,908
  • Apr 13, 2017 4:01am Apr 13, 2017 4:01am
Quoting TheRock
{quote} Everyone was an amateur trader/newbie at one point. Unless you were born an expert, then forgive me.
He`s a amteurtrader too. Showing a lousy 10 k live account. If he were profesionell, he would show a 100k + live account, not arguing in someone else thread. Trying to discredit people, over their amateurstatus. Sure the live account will disappear when drawdown starts.
Newbies be warned of emmanuel7788. Hes not true.
  • #78,909
  • Apr 13, 2017 4:21am Apr 13, 2017 4:21am
Quoting TheRock
{quote} I want you to prove me wrong. I want ME/ME to be the way to make money from Fx because then I do not have to look any further and it's all in this thread. To be honest, Big E did not show any evidence of successful trading, alot of hindsight after closing. I could do the same thing right now, take every single cross but just post the successful ones. And people would think I'm a successful trader. But I do want you to be as successful as you say you are. But you only have shown a trading account from 2 weeks ago, but I hope you do not take...

@TheRock,

This is a very good post and also an important one that you wrote. Thank you for this post.
I need to find time in the coming weeks to post and explain many other things about how we can be profitable trading the 5-Method which Big E shared with us.

Just a few quick brief points,

1) Multiple Entries / Multiple Exits E/ME is not the secret and surely not the only way to make money. You can trade Single Entry/Multiple Exits, and /or Multiple Entries/ Single Exits (Big E did this) and will become profitable.

2) One single trading account will not be efficient as a Money Management strategy. You need more than one trading account and preferably with several different brokers. You need to protect your trading capital and also be able to balance your accounts. I will explain more in the coming weeks/months.

3) That trading account is 9 years old but because the previous broker close shop, that same account was transferred to this new broker 3 years ago. End of 2016, this same account was moved again due to change in the server again caused by transfer of MT4 customers and liquidity provider. Therefore, this account start as a new account in Jan 2017.
Whatever the case may be, I don't have any problem to show live accounts but I just do not like TE here in FF. I hope FF will include new features so that I can have the choice to create a 'white list' of members whom I want to share my trading accounts with. I do not reveal all the trade details and account information in a public forum. That is the reason why I use FX Blue where I can create and maintain my own 'white list'.

Trade Well and Trade Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,910
  • Apr 13, 2017 4:31am Apr 13, 2017 4:31am
Quoting Malony
{quote} He`s a amteurtrader too. Showing a lousy 10 k live account. If he were profesionell, he would show a 100k + live account, not arguing in someone else thread. Trying to discredit people, over their amateurstatus. Sure the live account will disappear when drawdown starts.
@Malony,

You have not posted one single TMS trade in this thread to share with us how you trade.

You have been making negative post about me.

Let me assure you, that TE account won;t be closed and it won;t be because of drawdowns.

As I said, the TE is for a limited time period only then it will be shown to members in my 'whitle list' at FX Blue.

Too bad for FF members here. My TE will be closed soon and is available at FX Blue.

https://www.forexfactory.com/showthr...42#post9754342
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,911
  • Apr 13, 2017 4:36am Apr 13, 2017 4:36am
Quoting emmanuel7788
{quote} Too bad for FF members here. My TE will be closed soon and is available at FX Blue. https://www.forexfactory.com/showthr...42#post9754342
Sure it will be.
Newbies be warned of emmanuel7788. Hes not true.
  • #78,912
  • Apr 13, 2017 4:44am Apr 13, 2017 4:44am
Quoting Malony
{quote} Sure it will be.
No. That account won't closed. It has been with me for 9 long years. It has paid for my other immovable assets to generate passive income.

FF Trade Explorer Product Manager just explained to me how to make my Trade Explorer private to be views by selected members only...... LOL.

only to those on my Buddies list here. This mean when members subscribe to me and I return subscribe to them and make them into my Buddies list, they can see my TE.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,913
  • Apr 13, 2017 4:47am Apr 13, 2017 4:47am
Quoting emmanuel7788
{quote} No. That account won't closed. It has been with me for 9 long years. It has paid for my other immovable assets to generate passive income. FF Trade Explorer Product Manager just explained to me how to make my Trade Explorer private to be views by selected members only...... LOL. only to those on my Buddies list here. This mean when members subscribe to me and I return subscribe to them and make them into my Buddies list, they can see my TE.

Lol, very passive income. Spending whole day destroying someones thread. Do what you have to do. If it helps you, why not. I dont care anymore for people like you.


Newbies be warned of emmanuel7788. Hes not true.
  • #78,914
  • Apr 13, 2017 4:48am Apr 13, 2017 4:48am
Quoting emmanuel7788
{quote} No. That account won't closed. It has been with me for 9 long years. It has paid for my other immovable assets to generate passive income. FF Trade Explorer Product Manager just explained to me how to make my Trade Explorer private to be views by selected members only...... LOL. only to those on my Buddies list here. This mean when members subscribe to me and I return subscribe to them and make them into my Buddies list, they can see my TE.
Hi Emm,
I don't think I have been added to your buddies list yet ;-)
  • #78,915
  • Apr 13, 2017 5:35am Apr 13, 2017 5:35am
Quoting emmanuel7788
{quote} No. That account won't closed. It has been with me for 9 long years. It has paid for my other immovable assets to generate passive income. FF Trade Explorer Product Manager just explained to me how to make my Trade Explorer private to be views by selected members only...... LOL. only to those on my Buddies list here. This mean when members subscribe to me and I return subscribe to them and make them into my Buddies list, they can see my TE.
Hi Emmanuel,
I am also waiting to be added
  • #78,916
  • Apr 13, 2017 6:01am Apr 13, 2017 6:01am
EURAUD H4 = +50pips.





Happy trading,
Yomi
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Time always comes before price
  • #78,917
  • Apr 13, 2017 7:08am Apr 13, 2017 7:08am
Quoting emmanuel7788
{quote} No. That account won't closed. It has been with me for 9 long years. It has paid for my other immovable assets to generate passive income. FF Trade Explorer Product Manager just explained to me how to make my Trade Explorer private to be views by selected members only...... LOL. only to those on my Buddies list here. This mean when members subscribe to me and I return subscribe to them and make them into my Buddies list, they can see my TE.
Hi Emmanuel,

Please add me to your buddy list.

Okoso
  • #78,918
  • Apr 13, 2017 8:55am Apr 13, 2017 8:55am
I can't seem to find the post for Pete's ADR indi. can any one help? thanks
What would you do if you knew you could not fail?
  • #78,919
  • Apr 13, 2017 9:25am Apr 13, 2017 9:25am
Quoting The Sparrow
I can't seem to find the post for Pete's ADR indi. can any one help? thanks
Here you go
Daily Range Peter
  • #78,920
  • Apr 13, 2017 10:50am Apr 13, 2017 10:50am
Quoting emmanuel7788
{quote} @Malony, You have not posted one single TMS trade in this thread to share with us how you trade. You have been making negative post about me. Let me assure you, that TE account won;t be closed and it won;t be because of drawdowns. As I said, the TE is for a limited time period only then it will be shown to members in my 'whitle list' at FX Blue. Too bad for FF members here. My TE will be closed soon and is available at FX Blue. https://www.forexfactory.com/showthr...42#post9754342
Was nothing to see anyway, just another loser account with short term winning. See you again in 44 days
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