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Trading Made Simple

  • #113,221
  • Dec 16, 2020 1:40pm Dec 16, 2020 1:40pm
Quoting kirinda
{quote} The reason was the FOMC news. Not your technical analysis.
on a Day like Today, I remind myself of this:

The 5 Fundamental Truths of Trading by Mark Douglas

1. Anything can happen.

2. You don’t need to know what is going to happen next to make money.

3. There is a random distribution between wins and losses for any given set of
variables that define an edge.

4. An edge is nothing more than an indication of a higher probability of one thing
happening over another.

5. Every moment in the market is unique.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,222
  • Dec 16, 2020 1:45pm Dec 16, 2020 1:45pm
Today reminds me of two great TMS traders - during Big E time.

Attached Image (click to enlarge)
Click to Enlarge Name: EU Dec 16 FOMC 17-12-2020 3-43-28 am.png Size: 63 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,223
  • Dec 16, 2020 1:49pm Dec 16, 2020 1:49pm
Quoting DrDave
{quote} The REASON does not matter to me because I use LAGGING indicators and FOLLOW where the price leads. Like here:{image}
What append


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 44 KB
  • #113,224
  • Dec 16, 2020 1:54pm Dec 16, 2020 1:54pm
TODAY

Bulls made money
Bears made money

only pigs get slaughtered.

Attached Image (click to enlarge)
Click to Enlarge Name: EU Dec 16 H4 17-12-2020 3-51-02 am.png Size: 47 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EU Dec 16 D1 FOMC 17-12-2020 3-54-14 am.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,225
  • Dec 16, 2020 2:09pm Dec 16, 2020 2:09pm
Quoting emmanuel7788
{quote} EURUSD Dec 16 .... FOMC "Las Vegas ... " - Buy 1.2200 SL 1.2150 TP1 1.2250 TP2 1.2300 use %risk$$$ and so Position Sizing with Risk 50 pips as initial SL... {image}
Now I can cancel this FOMC "Las Vegas..." trade idea.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,226
  • Dec 16, 2020 2:09pm Dec 16, 2020 2:09pm
Quoting kirinda
{quote} What append
Attached Image (click to enlarge)
Click to Enlarge Name: 19e1a9c400a48be02bb89d9045f66acb.png Size: 67 KB
What happened?? The USUAL behavior happened: it's called RETRACEMENT (in this case RALLY).

The focus TF is H4. So EVERY TF below it is EXPECTED to make a rally and down continuation. You just need to look to see where the cycling is for where to enter.

If you are counter-trend (retracements) trader, then you could have already started with that M1 confirmation and followed it up with entries on M5, M10, and M15.

Now coming to a possible stopping point: Need to move up stops and watch what develops.
To free Gazans of Hamas, use whatever it takes.
  • #113,227
  • Dec 16, 2020 2:21pm Dec 16, 2020 2:21pm
Quoting DrDave
{quote} What happened?? The USUAL behavior happened: it's called RETRACEMENT (in this case RALLY). The focus TF is H4. So EVERY TF below it is EXPECTED to make a rally and down continuation. You just need to look to see where the cycling is for where to enter. If you are counter-trend (retracements) trader, then you could have already started with that M1 confirmation and followed it up with entries on M5, M10, and M15. Now coming to a possible stopping point: Need to move up stops and watch what develops. {image}
BUT, BUT it's going my direction NORTH not SOUTH. Of course I'm long
  • #113,228
  • Dec 16, 2020 2:32pm Dec 16, 2020 2:32pm
Quoting kirinda
{quote} BUT, BUT it's going my direction NORTH not SOUTH. Of course I'm long
Wait a minute. Where is the H4 breakout and return retracement (50% of the time) that you said you look for?
To free Gazans of Hamas, use whatever it takes.
  • #113,229
  • Dec 16, 2020 2:36pm Dec 16, 2020 2:36pm
Quoting DrDave
{quote} Wait a minute. Where is the H4 breakout and return retracement (50% of the time) that you said you look for?
If somebody give me money I say of course YES. This was a retracement. I think you misunderstood "retracement (50% of the time)". It's not 50% retracement but 50% of the time the price will do a retracement after breakout.
  • #113,230
  • Dec 16, 2020 2:37pm Dec 16, 2020 2:37pm
Quoting kirinda
{quote} If somebody give me money I say of course YES.
EURUSD now at next potential stopping point. 1.22
To free Gazans of Hamas, use whatever it takes.
  • #113,231
  • Dec 16, 2020 2:39pm Dec 16, 2020 2:39pm
Quoting Tekkies
{quote} Download BigE full.pdf (paperclip to left). You will find the new rules in that pdf.
Thank you very much
  • #113,232
  • Dec 16, 2020 2:40pm Dec 16, 2020 2:40pm
Quoting DrDave
{quote} EURUSD now at next potential stopping point. 1.22
I do not care. I will have at least R:R to be 1:2.
  • #113,233
  • Dec 16, 2020 2:52pm Dec 16, 2020 2:52pm
Quoting emmanuel7788
{quote} Hey Sunfrog which TDI cross do you want to trade? in the tutotrial video "Secrets of the Traders_Dynamic_Index" Big E posted in his old thread, there are several different crosses. If you are trade the 4hr or the H4 of your broker, you can trade the green cross red which is the Scalper mode. {image} If you are trading short term, say the H1 and the M15, then you can also trade the green cross the yellow and or the red cross the yellow or the green cross the 50-level, etc. just many other crosses to consider. More important is what you see...
Hello , can you share link of this vieeo , which Big E posted ? i could not find it . thanks
  • #113,234
  • Dec 16, 2020 6:00pm Dec 16, 2020 6:00pm
Quoting toti1985
{quote} Hello , can you share link of this vieeo , which Big E posted ? i could not find it . thanks
Hi

it has been a few years since Dean Malone left CompassFX.

those tutorial videos which Big E link in his old thread are no longer accessible and only to CompassFX their members.

#452 #453 and #454

however a few videos found its way in youtube channel.

I can only post links in the old thread due to commercial content reasons.

check the old thread for posts updates when I find anything of interest to new traders here.

the "secrets of the traders_dynamic_index" were as series of several recorded videos the during and also after Big E time.

one of the many "secrets" is how to use stack TDIs and the use of price action and the volatility bands of the TDI. I posted quite a few examples in this thread to help with Post#647.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,235
  • Dec 16, 2020 6:03pm Dec 16, 2020 6:03pm
Quoting toti1985
{quote} Hello , can you share link of this vieeo , which Big E posted ? i could not find it . thanks

Trading Gap Open Patten with TDI Squeeze

new post here :
https://www.forexfactory.com/thread/...2#post13316752
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,236
  • Dec 16, 2020 6:16pm Dec 16, 2020 6:16pm
EURUSD Dec 16 trades closed

- observe and learn the setups of day-trading, entries and exits and the re-entry after stopped out.

- the FOMC trade ....TIMING!

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Dec 16 trades closed 17-12-2020 8-12-02 am.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,237
  • Dec 16, 2020 6:22pm Dec 16, 2020 6:22pm
Quoting emmanuel7788
Today reminds me of two great TMS traders - during Big E time. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: EU Dec 16 FOMC 17-12-2020 3-43-28 am.png Size: 63 KB


.....

Attached Image (click to enlarge)
Click to Enlarge Name: X-Man trampoline riddle.png Size: 244 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,238
  • Dec 16, 2020 6:29pm Dec 16, 2020 6:29pm
Quoting Tekkies
{quote} Dave, Toti is following a member with a zealot, that is blinding him to what gets posted.

and Tekkies is the zealot preaching his M15H1 green line cross red line ...


good thing is that many cannot be fooled by Tekkies green-red zealot ... Holy Grail !
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,239
  • Dec 16, 2020 6:31pm Dec 16, 2020 6:31pm
Quoting emmanuel7788
{quote} Be careful today is FOMC during the US market session. It can send EU up to 1.2300 but let see if the first spike is down to fill lots of orders maybe near 1.2150. if you listened to this lady what she said earlier. {image}

first spike is down to fill lots of orders maybe near 1.2150.

FOMC over and what has changed? still the same!

only one big H4 FOMC candle

EURUSD Dec 17 H4 Tokyo Open

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Dec 17 post-FOMC 17-12-2020 8-25-55 am.png Size: 76 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,240
  • Dec 16, 2020 6:36pm Dec 16, 2020 6:36pm
Always trade with a Stop Loss and know when to cut losses short.

You can lose all the pips you made last week , lose all in just one silly trade and can be any day of the week like yesterday.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E on no stop loss.png Size: 608 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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