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Trading Made Simple the right way, and other trading lessons 233 replies

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Trading Made Simple

Quoting lddd
{quote} I already feel hard to understand your written words but I will try so re looking at your example next week if I find some more time. Next time if you post such calculations and statistics please be so kind and post in USD or EUR examples, I don’t have the time to think about the South African Rand. So far I can tell you I could not identify how many trades you won/lost in your example trying to show and if you would have reached an average 1:2 risk:reward with it. I did so looking at GBP/EUR or the EUR/USD which i would prefare to trade...
Here's a good way to understand trades won / lost - this is really easy for my account, seeing as I only have one trade
Attached File
File Type: docx account - 8-17-2019.docx   38 KB | 137 downloads
"To live with Passion, it takes Courage and Grace to survive"
Quoting lddd
{quote} I already feel hard to understand your written words but I will try so re looking at your example next week if I find some more time. Next time if you post such calculations and statistics please be so kind and post in USD or EUR examples, I don’t have the time to think about the South African Rand. So far I can tell you I could not identify how many trades you won/lost in your example trying to show and if you would have reached an average 1:2 risk:reward with it. I did so looking at GBP/EUR or the EUR/USD which i would prefare to trade...
That whole post is how a simple tiny 10 pips can grow an account and ................ never mind, you won't understand.

Find that mentor Iddd.
Keep it Simple
Quoting Tekkies
{quote} That whole post is how a simple tiny 10 pips can grow an account and ................ never mind, you won't understand. Find that mentor Iddd.
I didnīt worry about how compounding a 10 pips each day can grow an account. I questioned that you will be able to achieve that by trading the TMS for only M15 charts in the long run. So i was asking to show me any forex chart for the last month like a GU, EU, AU, UJ chart where trading only the "cherry picked" setups with a 1:2 risk reward approach (to keep things simple) on M15, also using the simple entry/exit rules as the strategy provides on post 1 by BigE (not your ones).

Meaning

SL: 1R
TP: 2R

Entry:

- TDI Crossed, Stoch confirm. (easy, objective).
- Entry after setup candle no more than candle 3. (easy, objective).
- Look at all the "basics" like Market Condition, S/R, and so on (not so easy, subjective).

Exit:

- TDI hooked over, gave a checkmark reversal, the average price bar changed color.

Maybe letīs leave out all the subjective criteria canīt be teached at all because everyone can see it differently like trading pure price action on a naked chart. Will it still be profitable? Does it then mean in conclusion the strategy is a profitable or isnīt it you as a individual person who can only make it profitable.

I did NOT ask for any vlines/trendlines, compounding, lot size, or some Excel sheet with your cherry picked trades calculated in ZAR penny amounts. So please spare me with it. Itīt not that i donīt understand, but i donīt want to. I am only here for proven facts can be achieved following post number 1, not the Tekkies, Emmanuels or anyone elses conspiracy theory made of BigEīs posts.

I could attach some M15 or H1 chart but it would be a mess marking all the cross overs. However i watched my self and will tell you that it wonīt be profitable for the given rules, for NO SINGLE TIME FRAME. Not even the Daily or Weekly.

It might be only profitable if you respect all the subjective criteria like intrepreting S/R "correct", intepreting Price Action "correct", intepreting the current market condition where you want to take signals in "correct". But now tell me, how to create a trading plan for something where success is 90% dependent on subjectivity?
Quoting lddd
{quote} I didnīt worry about how compounding a 10 pips each day can grow an account. I questioned that you will be able to achieve that by trading the TMS for only M15 charts in the long run. So i was asking to show me any forex chart for the last month like a GU, EU, AU, UJ chart where trading only the "cherry picked" setups with a 1:2 risk reward approach (to keep things simple) on M15, also using the simple entry/exit rules as the strategy provides on post 1 by BigE (not your ones). Meaning SL: 1R TP: 2R Entry: - TDI Crossed, Stoch confirm. (easy,...
So what is the point of further discussions with the condition set by you.
- M15H1 use two chart's, use V-line to indicate a crossover has happened, enter on current open bar.

Have a nice day Iddd
Keep it Simple
Quoting lddd
{quote} I didnīt worry about how compounding a 10 pips each day can grow an account. I questioned that you will be able to achieve that by trading the TMS for only M15 charts in the long run.
So, you are not questioning that compounding starting with 10 pips per day can grow an account (significantly), correct? Your concern is not that this is impossible, but that based on information that is available, you do not think that using the TMS system and only the M15 chart that it is possible to achieve this growth. Is that right?

If that is correct, then do you believe that it is possible to achieve this growth using TMS system if other charts are included?
Do you believe that there are other non-TMS systems that can achieve this growth?
The markets are speaking to you. Do you know their language?
IMT Pips This Year: -22
Quoting DrDave
{quote} So, you are not questioning that compounding starting with 10 pips per day can grow an account (significantly), correct? Your concern is not that this is impossible, but that based on information that is available, you do not think that using the TMS system and only the M15 chart that it is possible to achieve this growth. Is that right? If that is correct, then do you believe that it is possible to achieve this growth using TMS system if other charts are included? Do you believe that there are other non-TMS systems that can achieve this...
All I am saying that’s it’s not as easy as introduced once by the OP and so far also nobody was able to proof me wrong.

I wish everyone as much as success with this strategy as possible.
Took USD/CAD short (M15 trade).

- TDI gave sell signal.
- TDI crossed at a good angle.
- Stock confirm.
- Trend direction is bearish.

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Question 1: See how TDI already hooks over? Based on the exit rules BigE gave this would be already a trigger to get out of the trade right?
Question 2: It says the TDI angle should be looking steep, for a short trade like this one 4-6 clock right? At a very zoomed out chart this is exactly what i see, angle is 5-6 i would say...

Now looking at a more zoomed in view TDI angle is not so great anymore... So whats right now?

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Quoting DrDave
{quote} Getting ALL the pips is such a silly goal of so many people. I am happy to reach my goal of 10 pips per day. I don't need to try to find the start and end points of a run and collect ALL the pips! So what if a big pile is left on the table? I got what I wanted.

Agree, get the action happening and take the best part and then get out and go for a walk. Trying to get it all can lead to losses.

I have attempted to work with tops and bottoms many times, got clobbered each time. Perhaps that is just my bad luck lol
Quoting Blaiserboy
{quote} Agree, get the action happening and take the best part and then get out and go for a walk. Trying to get it all can lead to losses. I have attempted to work with tops and bottoms many times, got clobbered each time. Perhaps that is just my bad luck lol
You just have to take care about the long term view on your account. If you close every second trade far before ever reaching your take profit target you should also close trades far before ever reaching your initial stop loss otherwise your so good risk reward money management gets destroyed.

Nothing to do with "getting all the pips". "Fear" is same as evil as greed.
Quoting lddd
Took USD/CAD short (M15 trade). - TDI gave sell signal. - TDI crossed at a good angle. - Stock confirm. - Trend direction is bearish. {image} Question 1: See how TDI already hooks over? Based on the exit rules BigE gave this would be already a trigger to get out of the trade right? Question 2: It says the TDI angle should be looking steep, for a short trade like this one 4-6 clock right? At a very zoomed out chart this is exactly what i see, angle is 5-6 i would say... Now looking at a more zoomed in view TDI angle is not so great anymore... So...
Are we looking at the same USD/CAD?
Why did you place a trade that time of the day. 2019/08/19 00:00 with Asia session just started, Which direction is the market going?
What does Post#647 say?: When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:
Why did you ignore: consolidation, resistance/support?
You only looked at the angle and now you are going to blame TDI for the mess you are in.
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What do you see with M15H1? M15 going down and H1 going up. No trade.
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Quoting lddd
{quote} You just have to take care about the long term view on your account. If you close every second trade far before ever reaching your take profit target you should also close trades far before ever reaching your initial stop loss otherwise your so good risk reward money management gets destroyed. Nothing to do with "getting all the pips". "Fear" is same as evil as greed.
So you would run where angels fear to walk?

The same here.
M15 is alread at bar seven after the cross over where H1 has crossed. Both are going up. Why is no buy trade placed?
I see Resistance up front and Frankfurt is going to open on an hour's time. So what if I lose some pips, rather wait an hour plus 5 , 10 or 15 min to be sure the market is really going up past that resistance.
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What now Iddd?
Why did this order's went into profit (already exceeding 10 pips a day)
Think of what BigE posted about expatiation's, applicably to M15 crossover.
Think of double top (some time it does work).

Same set up as Post 97,452 with out the discomfort.
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Keep it Simple
Quoting lddd
Took USD/CAD short (M15 trade). - TDI gave sell signal. - TDI crossed at a good angle. - Stock confirm. - Trend direction is bearish. {image} Question 1: See how TDI already hooks over? Based on the exit rules BigE gave this would be already a trigger to get out of the trade right? Question 2: It says the TDI angle should be looking steep, for a short trade like this one 4-6 clock right? At a very zoomed out chart this is exactly what i see, angle is 5-6 i would say... Now looking at a more zoomed in view TDI angle is not so great anymore... So...
And even with the start of the European session, I would not consider trades at USDCAD. Of on the face of explicit consolidation. There are very obvious levels of support and resistance.
Moreover, your entry is at the level of the last minimum, and this is also incorrect.
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Hello,

Does anyone know a website or app where i could see, for each particular pair multiple years of charts on same screen? I am interested in seeing years of charts and have January under January, February under February and so on.

Thanks a lot for any help and sorry for a bit off topic.


Bill
focus, manage risk, rinse, repeat
Quoting Tekkies
So you would run where angels fear to walk?
The angle of the TDI green shall be my shield. It shall deflect all arrows that seek to destroy my wealth! It protects me from destruction as the wings of angels are spread to protect those within their keep.
The markets are speaking to you. Do you know their language?
IMT Pips This Year: -22
DE30 Aug 19 M15 trade setup when it is in agreement with H1 and H4.

Follow Post#261 and Post#647

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Here is one quick trade
TDI angle was very good, less than 1.
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Why so quiet today? Could it be that lots of people looked at the daily and weekly charts to decide direction, but OOPS!, wrong charts to look at today, so the market beating you down?
The markets are speaking to you. Do you know their language?
IMT Pips This Year: -22
Have taken the M15 cross over.
To many long wicks to the top side
Will this resistance be strong enough to change the long term direction?
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Almost closed the trades.
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Keep it Simple
Quoting DrDave
Why so quiet today? Could it be that lots of people looked at the daily and weekly charts to decide direction, but OOPS!, wrong charts to look at today, so the market beating you down?
Which chart's would you rather look at?
Keep it Simple
Quoting Tekkies
{quote} Which chart's would you rather look at?
I look at ALL of the timeframes. Looking to only the higher ones gives you only OLD information. ALL of the new information begins on M1.

Why do so many go into battle with only a piece of the intelligence report? Is it any wonder so many are "ambushed"?

Today I sold AUDNZD. I saw a lot of talk by folks that they were looking for buys. Whaaa??? So I checked the weekly and daily and then saw why they were bullish. But I looked at ALL the charts...
The markets are speaking to you. Do you know their language?
IMT Pips This Year: -22
Quoting DrDave
{quote} I look at ALL of the timeframes. Looking to only the higher ones gives you only OLD information. ALL of the new information begins on M1. Why do so many go into battle with only a piece of the intelligence report? Is it any wonder so many are "ambushed"?
Well the old information has a lot of wisdom in them. It is foolishness to ignore the wisdom of old bar's (grandpa and grandma)
Keep it Simple
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