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Trading Made Simple

  • #78,981
  • Apr 15, 2017 2:23pm Apr 15, 2017 2:23pm
Quoting luvene
Too many rules........... too complcated............. I told it several times but you have to do what you want to do. and...... you see what you want to see in charts...............Think about that. My rules : 1. Trade only on D1 candle. 2. Indicators : Heikin Ashin 1st or 2nd PA candle accordingly with TDI crossing green/red No other crappy indicators or other bullshit like EMA shi(f)t whatever, Multiple entries, Stochastics...................., PAC.......... In fact that's it, you can filter possible enties below with rules 3, 4 and 5 3. Special...
Hi luvene is these that perfect setup in your point of wiev, thanc you in advance sincierly Mizi!?
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  • #78,982
  • Apr 15, 2017 2:26pm Apr 15, 2017 2:26pm
Hey traders,

I have been following threads on this forum for a few months after recently being introduced to the trading world. I have been reading this particular thread for a few weeks as it seems to be the most popular and it has kickstarted my learning greatly. This message is just to say hello and I look forward to contributing to this great community.
Hakuna Matata
  • #78,983
  • Apr 15, 2017 2:59pm Apr 15, 2017 2:59pm
Quoting Tekkies
{quote} The size of the account does not matter. When applying the same method on a small account or a big account the result's will be the same. How do you know I will not trade that way emmanuel? That is how I am learning now to trade and this how I like to trade. Why change.? Trading robot EA? That is BigE's view point. I see where that come's from. You think I am using a expert advisor to trade for me. Well emmanuel I am not that good programmer to write profitable EA neither do I have the buck to hire a programmer or buy a EA. And If I was...
"The size of the account does not matter. When applying the same method on a small account or a big account the result's will be the same."

You might want to try it with big account before making that claim. Losing $10 is different from losing $1000 even though percentage relative to the account size might be same. Trading psychology kicks in full force when you have big amount at risk, hence affects your results. People tend to reduce their risk as they grow their account.
  • #78,984
  • Apr 15, 2017 3:02pm Apr 15, 2017 3:02pm
Quoting michael_k
Hi Arasheed, {quote} I personally never used hedging (buy and sell at the same time) but according to FXCM legal disclaimer it looks like they allow it (see https://www.fxcm.com/uk/legal/trading-execution-risks/). I am no longer using FXCM as my broker so I can't really answer your question with a 100% certainty, but as far as I understand the hedging is allowed at FXCM (with the exception of US clients of course).
Thanks for rep;y, I think some time ago I tried Trade station and when I had buy position open and took another position Sell , the Buy position immediately got cancelled.
  • #78,985
  • Apr 15, 2017 5:34pm Apr 15, 2017 5:34pm
Hey Emmanuel7788,

What's our plan with AUDJPY this week?

I see that a downside trend has been clearly established, do we continue with selling for the coming week with ME/ME?

Where would you suggest an emergency SL and our SMART cutloss level?

Would greatly appreciate your advice on this.

Thanks
Simba
Hakuna Matata
  • #78,986
  • Apr 15, 2017 6:47pm Apr 15, 2017 6:47pm
As the Synergy APB indicator is utilized so heavily with the TMS trading philosophy as the replacement for HA candles I have question for those that program.

I have found an anomaly with the indicator that has caused me to not trust the results 100%. I am using the indicator with iCustom() to retrieve a buffer value.

Somewhat randomly I was getting results that seemed off, so I dug into the Synergy APB code. What I found was when you add < #property strict > the indicator will compile just fine, BUT you will get a run time error "array out of range". (see picture)

As a result the indicator failed and the return value from my iCustom() function call would provide an incorrect result.

Running the indicator without the <#property strict> allows the indicator to perform without any visual error, but as mentioned above, it appears to produce some odd results with the array output. Should I be concerned or am I paranoid?

I have fixed the issue by creating an alternative APB/HA indicator, but am curious if anyone else has come across the problem.
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  • #78,987
  • Apr 15, 2017 7:32pm Apr 15, 2017 7:32pm
Quoting emmanuel7788
{quote} @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...
Thanks for sharing the account. Will be busy next week to learn from that. Thanks again.

muyir
Trade your belief, trade like Emmanuel
  • #78,988
  • Apr 15, 2017 10:51pm Apr 15, 2017 10:51pm
Quoting Simba
Hey traders, I have been following threads on this forum for a few months after recently being introduced to the trading world. I have been reading this particular thread for a few weeks as it seems to be the most popular and it has kickstarted my learning greatly. This message is just to say hello and I look forward to contributing to this great community.
Same here. Start my forex trading a few weeks ago and TMS is the first trading system I used ever. Would like to say thanks for this selfless sharing.
  • #78,989
  • Apr 16, 2017 12:23am Apr 16, 2017 12:23am
Quoting Ss45
{quote} "The size of the account does not matter. When applying the same method on a small account or a big account the result's will be the same." You might want to try it with big account before making that claim. Losing $10 is different from losing $1000 even though percentage relative to the account size might be same. Trading psychology kicks in full force when you have big amount at risk, hence affects your results. People tend to reduce their risk as they grow their account.
"tend"
So the generally rule of risking 2% of account does not apply to big accounts.
$10 000 - 2%
$20 000 - 1.5%
$30 000 - 1%
$40 000 - 0.5%
$50 000 - 0%
Wonder how the really big account's place order's?
  • #78,990
  • Apr 16, 2017 12:34am Apr 16, 2017 12:34am
Quoting Kopan
As the Synergy APB indicator is utilized so heavily with the TMS trading philosophy as the replacement for HA candles I have question for those that program. I have found an anomaly with the indicator that has caused me to not trust the results 100%. I am using the indicator with iCustom() to retrieve a buffer value. Somewhat randomly I was getting results that seemed off, so I dug into the Synergy APB code. What I found was when you add < #property strict > the indicator will compile just fine, BUT you will get a run time error "array out of range"....
Kopan find help for your problem place the post in this thread:https://www.forexfactory.com/showthr...49#post9765849.
Add to the post the Synergy APB indicator mq4 file so that member's do not have to search for the indicator.
Look at this post:https://www.forexfactory.com/showthread.php?t=557565
  • #78,991
  • Apr 16, 2017 1:29am Apr 16, 2017 1:29am
Quoting mizi123
{quote} Hi luvene is these that perfect setup in your point of wiev, thanc you in advance sincierly Mizi!? {image}
If you read my rules, you know the answer
Keep it simple without too many crappy indicators!
  • #78,992
  • Apr 16, 2017 2:29am Apr 16, 2017 2:29am
Quoting luvene
{quote}If you read my rules, you know the answer
You should say "please" read my rules.
  • #78,993
  • Edited 2:55am Apr 16, 2017 2:37am | Edited 2:55am
Quoting Simba
Hey Emmanuel7788, What's our plan with AUDJPY this week? I see that a downside trend has been clearly established, do we continue with selling for the coming week with ME/ME? Where would you suggest an emergency SL and our SMART cutloss level? Would greatly appreciate your advice on this. Thanks Simba
What time frame is the down trend?
D1 is in over buy zone with green cross up with a support level at +/- 82.195497. (See the support level in W1 and MN)
H4 is already on the 4th bar after the cross
H1 have a weak green cross up
oops sorry I forgot I don't know how to apply post#647.
  • #78,994
  • Apr 16, 2017 6:34am Apr 16, 2017 6:34am
Quoting Tekkies
{quote} "tend" So the generally rule of risking 2% of account does not apply to big accounts. $10 000 - 2% $20 000 - 1.5% $30 000 - 1% $40 000 - 0.5% $50 000 - 0% Wonder how the really big account's place order's?
why do you reduce percentage as the account grows bigger?
  • #78,995
  • Apr 16, 2017 7:09am Apr 16, 2017 7:09am
Quoting Tekkies
{quote} Hi Rock. Can open trade explorer, it is no big deal. Got nothing to hide. It will only show that I am a struggling trader that is learning to trade the way BigE has laid it out. That I have stopped making excuse and have taken responsibility for my account, found a method that is working, making a lot of stupid mistakes learning that method. Have notice that when the principles of Trading Made Simply have been applied TMS has a positive effect on the account and because of that positive effect been posting negative post's in this thread...
Some questions about the marked up USDJPY trade on the chart.
1. Why did you enter when TDI and Stoch were not in total agreement. (Big E rule is walk away)
2. Why did you sell when the previous bar had show such a big rejection. (Looking back would have shown you it had happened before and the reason was obvious basic Forex stuff)
3. Why didn't you exit the trade on change of APB color. (Big E would have got out after -20 pips or so)
4. Having gambled that your account was not going to be blown, why did you exit at BE instead of waiting to see if the next bar was going to follow the short term trend with a bounce/continuation as shown on the TDI.

As for the open buy trade .

Following little red and green arrows without understand market basics is the road to ruin and why newbies need to get the TDI cross fixation out of their heads.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #78,996
  • Apr 16, 2017 8:18am Apr 16, 2017 8:18am
Quoting bistolis
{quote} why do you reduce percentage as the account grows bigger?
https://www.forexfactory.com/showthr...79#post9765579
"People tend to reduce their risk as they grow their account."
That is how I understand the word "tend"
  • #78,997
  • Apr 16, 2017 9:16am Apr 16, 2017 9:16am
Quoting Lookleft
{quote} Some questions about the marked up USDJPY trade on the chart. 1. Why did you enter when TDI and Stoch were not in total agreement. (Big E rule is walk away) 2. Why did you sell when the previous bar had show such a big rejection. (Looking back would have shown you it had happened before and the reason was obvious basic Forex stuff) 3. Why didn't you exit the trade on change of APB color. (Big E would have got out after -20 pips or so) 4. Having gambled that your account was not going to be blown, why did you exit at BE instead of waiting...
Two words Lookleft. Stupid and assumption. Green had a nice angle below 5 and Stoch look like it would go down too. So I just let it run.
As to the big rejection's. Many time's there are big rejection, the market ignore those and continue with the trend.
APB color change. The same reason. Small white candle, the next candle big red.
Gamble you are using the right word. It is one of the bad habit's I need to work on.
Those little green / red arrow's? Don't follow them blindly, that part I have learned my lesson dearly. For if I did the next green arrow would have saved my butt.
  • #78,998
  • Apr 16, 2017 9:32am Apr 16, 2017 9:32am
Really with all these pages wrote these method is not simple any more................
  • #78,999
  • Edited 11:46am Apr 16, 2017 9:45am | Edited 11:46am
Quoting Tekkies
{quote} 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. {image}
hello Tekkies,

Late reply, as I just cleared my ignored list. I just found out that these feature seems useless for me, because you can still have an option to be tempted to click "View Post" ; )-

Now with regards to your reply to me... please see the below screenshot, just minutes after trade execution and after I closed the trade... It was pretty obvious, how TDI looks before and after the trade. At those moments of entries... MTF TDI status were all good, together with my own confluence of built-up confidence, and instinct. If you think this just pure luck... even I got the same similar trade setup with regards to UJ that I posted on the very same day with AU, then just like Lk would say, why not combine luck with knowledge? ; )- ...just saying ; )-

By the way, you even re-posted my screenshot. However, you've edited and removed the HA candles above where it goes beyond my target... by doing so, you were able to curve fitting your argument. If you did not edited that screenshot, it would show that my trade went up beyond my perceived targets.

I remember before I ignored you, I even replied to you positively... so please, just stop making yourself look like an axx or pretend to be noobs or posting a baloney reply to others. Just simply share your knowledge on TMS but make sure it is clear or consistent and not contradict yourself on some of your post.

Sometime, I noticed one compliment from veteran or much older FF member here towards you... your next post seems to head spin with misplaced ego or bravado to each of your post or reply.

Also, just like everybody else, Big E recommended to visit Babypips.com and learn the basic stuff. On this site, you'll learn a lot there, even the so called Divergence/Convergence <<< though some need an indicator in order to be familiarize with it, eventually you don't need indicator for that, "you can train your eyes" with it after sometime (words of wisdom from Lk).

I had enough of arguing (unhealthy ones) here about you or me and somebody else are not abiding the OP rules, at this point I can't see anyone that is active here on this thread that is purely abiding these rules at all... Though, there are pretenders, but still no one comes close . Anyway, I hope, everyone keeps this thread pure and simple... post something that might help someone else here to learn the basic of TMS or TMS and beyond ---because, IMO... if OP still with us here, TMS would have progress just like when this thread started with him... just the way the market does.

Anyway, as others would always say, the Forex Market is big enough to sustain all of us.

kindest regards,
v2v
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Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #79,000
  • Apr 16, 2017 9:53am Apr 16, 2017 9:53am
Quoting Lookleft
{quote} Some questions about the marked up USDJPY trade on the chart. 1. Why did you enter when TDI and Stoch were not in total agreement. (Big E rule is walk away) 2. Why did you sell when the previous bar had show such a big rejection. (Looking back would have shown you it had happened before and the reason was obvious basic Forex stuff) 3. Why didn't you exit the trade on change of APB color. (Big E would have got out after -20 pips or so) 4. Having gambled that your account was not going to be blown, why did you exit at BE instead of waiting...

Amen.

Big E was a PA trader who used the TDI to CONFIRM his entries. Newbies, in FX there is no black box system. Learn these things, and they will help you, but most of all you must learn about what kind of trader you want to be, and then position yourself accordingly.
If you are good at something, never do it for free--Joker
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