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Trading Made Simple

  • #82,381
  • Oct 8, 2017 4:22pm Oct 8, 2017 4:22pm
Quoting ensale
LOL tut tut typo

Hey,

for a change, I felt like buying at Weekly Pivot S38,

then if USD remains strong and AU drops lower, I buy some more at S61, then even lower at S100 .

if my account nears margin call, I can top it up with some money from my retirement funds to keep my trades alive and hopefully I can report hundreds more pips next week should it reverse to the bullish side.

LOL.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,382
  • Oct 8, 2017 4:28pm Oct 8, 2017 4:28pm
Quoting Davit
{quote} Was casually loking at this thread which I dont visit often then read this by E and was little perplexed as he is buying and selling same pairs. Hey you can't be wrong when you are doing both

Davit,

Even when you buy and sell same pairs at the same time, you can still lose both.

Only noobs and rookie trader like you think they can't lose when they trade both ways.

Noobs will know about hedging but many brokers do not allow that. They think it may work, seems to them like no loss trading. There is a 'kedging' solution to buy and sell and that can ensure profit. Hedging cannot.

LOL.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,383
  • Oct 8, 2017 4:28pm Oct 8, 2017 4:28pm
Quoting catalin_eros
{quote} It was -33K, much lower than expected. I am not a fundamentals trader, I am actually very weak when it comes to fundamentals. That is why I do not trade them, and I am focused on technicals. But how can -33K be bullish, when the expected outcome was 82K? I am not trying to argue here, just trying to understand, since I know you are a good fundamentals trader.
One of the Feds criteria of interest rate hike is Hourly earnings and overall unemployment both were green. The last Months job numbers were obviously down because of storms hitting Florida but this is temporary.Reason Friday Dollar gained because bigger picture was positive and created impetus for Dec interest rate hike..
Personally I think paying attention to fundamentals is important because you understand biases better.
regards
In trading, you have to be defensive and aggressive at the same time
  • #82,384
  • Oct 8, 2017 4:34pm Oct 8, 2017 4:34pm
Quoting emmanuel7788
{quote} Davit, Even when you buy and sell same pairs at the same time, you can still lose both. Only noobs and rookie trader like you think they can't lose when they trade both ways. Noobs will know about hedging but many brokers do not allow that. They think it may work, seems to them like no loss trading. There is a 'kedging' solution to buy and sell and that can ensure profit. Hedging cannot. LOL.
I don't buy sell same pairs.Even if I wanted my broker is US based and this is not allowed.Don't see a logic there anyway.

You seem to flaunt insults to me "rookie trader" on every occasion even following me to other threads and posts but suffice to say my account tells a different story if I am rookie or not!I have nothing to proof to anyone accept myself!

I tell you what is rookie trading!Posting trading pairs what you gonna do before even market opens!
that speaks volumes
In trading, you have to be defensive and aggressive at the same time
  • #82,385
  • Oct 8, 2017 4:36pm Oct 8, 2017 4:36pm
Quoting Davit
{quote} One of the Feds criteria of interest rate hike is Hourly earnings and overall unemployment both were green. The last Months job numbers were obviously down because of storms hitting Florida but this is temporary.Reason Friday Dollar gained because bigger picture was positive and created impetus for Dec interest rate hike.. Personally I think paying attention to fundamentals is important because you understand biases better. regards
Ok, David, thanks for the explanation!
  • #82,386
  • Oct 8, 2017 4:38pm Oct 8, 2017 4:38pm
Quoting jkay7214
{quote} Hi Emmanuel, Stronger usd means we must sell AUDUSD , NZDUSD AND GBPUSD right?

That is correct, when USD is strong or stronger, we buy USD.

In general, it seems like logic to buy the stronger currency pair.

But trading forex is not always logical. But most retail traders think in logical ways and that is good.

Some belief the market is random too. How to trade a random market?

At the end of the day, we trade what we see and use our own discretion.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,387
  • Oct 8, 2017 4:45pm Oct 8, 2017 4:45pm
Quoting Davit
{quote} I don't buy sell same pairs.Even if I wanted my broker is US based and this is not allowed.Don't see a logic there anyway. You seem to flaunt insults to me "rookie trader" on every occasion even following me to other threads and posts but suffice to say my account tells a different story if I am rookie or not!I have nothing to proof to anyone accept myself! I tell you what is rookie trading!Posting trading pairs what you gonna do before even market opens!
Davit,

why and what makes do you think that I refer you as rookie trader? If you are making money then you don't have anything to be concern with.

about your account, it is none of my business. You said this to others in your own thread.

anyway, you keep posting photoshop images of your account like this recent one below. Looks impressive when people only see only the exponential curve.

impressive gradual withdrawals too.

Attached Image (click to enlarge)
Click to Enlarge Name: Davit post 11717 01-10-2017 07-22-19.png Size: 319 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,388
  • Oct 8, 2017 5:02pm Oct 8, 2017 5:02pm
Quoting emmanuel7788
{quote} Davit, why and what makes do you think that I refer you as rookie trader? If you are making money then you don't have anything to be concern with. about your account, it is none of my business. You said this to others in your own thread. anyway, you keep posting photoshop images of your account like this recent one below. Looks impressive when people only see only the exponential curve. impressive gradual withdrawals too. {image}
Your post directly.You seem to have memory lapse just few posts back.Graph is not Photoshop and none ever!I sense a jealously on your part since you can't conceive results like mine.Yes profits were taken out to pay my mortgage!For you to assume that is childish!My every trade has been posted on my thread you can follow up and get an idea if results are Photoshoped or not!
Quoting emmanuel7788
{quote} Davit, Even when you buy and sell same pairs at the same time, you can still lose both. Only noobs and rookie trader like you think they can't lose when they trade both ways. Noobs will know about hedging but many brokers do not allow that. They think it may work, seems to them like no loss trading. There is a 'kedging' solution to buy and sell and that can ensure profit. Hedging cannot. LOL.
I am done.Sorry guys for interruption
In trading, you have to be defensive and aggressive at the same time
  • #82,389
  • Oct 8, 2017 5:13pm Oct 8, 2017 5:13pm
Quoting rcbarlow
{quote} Where can I find out more about determining these levels? Thanks

Hi,

There are so many different pivots formulae out there. Which one is the 'holy grail' to give traders the technical edge?

Read these posts, and let me know which pivot you want to consider.

https://www.forexfactory.com/showthr...01#post9848501

https://www.forexfactory.com/showthr...1#post10051981

Some of the active TMS traders here have tried them over the many years, tested them, but finally dropped the pivots from our chart. We simply use the price BN levels instead and look at previous price action the way Big E did.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,390
  • Oct 8, 2017 5:23pm Oct 8, 2017 5:23pm
Quoting Davit
{quote} Your post directly.You seem to have memory lapse just few posts back.Graph is not Photoshop and none ever!I sense a jealously on your part since you can't conceive results like mine.Yes profits were taken out to pay my mortgage!For you to assume that is childish!My every trade has been posted on my thread you can follow up and get an idea if results are Photoshoped or not! {quote} I am done.Sorry guys for interruption

You contradicted yourself. You did not post all every of your trades in your thread. Go back and read your own posts in your thread. A lot of claims of account growing which words only are very impressive.

I belief what some traders in your thread wants to see are your trades entries and exits, how long you actually hold. on to the trades, the FIFO with US brokers, etc.
But many get banned asking simple questions.

You once posted that one day you wish to trade account of USD50k to USD70k, did I read this correct? Is that account of USD50K to USD70K?

Thanks for dropping by anyway. I know this wont be your last.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,391
  • Edited 5:58pm Oct 8, 2017 5:42pm | Edited 5:58pm
Quoting emmanuel7788
{quote} You contradicted yourself. You did not post all every of your trades in your thread. Go back and read your own posts in your thread. A lot of claims of account growing which words only are very impressive. I belief what some traders in your thread wants to see are your trades entries and exits, how long you actually hold. on to the trades, the FIFO with US brokers, etc. But many get banned asking simple questions. You once posted that one day you wish to trade account of USD50k to USD70k, did I read this correct? Is that account of USD50K...
Bulk of my trades 90% are there.I scalp sometimes and don't post minor gains.I erase actual dollar numbers gains/losses because those are private however the graphs reflect the truth.
You want me to post my entire Sept trades here I can if you want!
Do you prefer I post on this thread my Oct trades? so far! I will be happy to do so!

I am getting tired of your line of questioning! Are you going to publicly apologize to me if I prove you wrong! If you are then I can post whatever you want but I need an apology in the end!You basically accused me of lying!Are you going to step up and be a man?

Its actually interesting that you called me rookie trader in one post and denied it few posts later.I find that distasteful and speaks about your character.
You got army of admirers here but its plain clear who you are!
In trading, you have to be defensive and aggressive at the same time
  • #82,392
  • Oct 8, 2017 6:03pm Oct 8, 2017 6:03pm
Batman vs Joker

Superman vs Luthor

Messi vs Cristiano

Ali vs Frazier

Trump vs Hillary

Emmanuel7788 vs Davit

  • #82,393
  • Oct 8, 2017 6:05pm Oct 8, 2017 6:05pm
Quoting tomgu
First I dont like trading both way. Even it against me when put wrong direction. I have my SL, once hit, exit the market. Then wait, reenter. Even first, for small account, it is Martingale style trading. Is that MEME? For a successful MeMe trading, I think at least include 3 elements: 1, Accurate direction chosen, not a early bird. Like this example, it is a anti trend(D1), supposed to scalp some pips go. 2. Risk calculate, include SL for basket, Grid distance.If small account, may use bigger grid. Dont limit on 0.5 atr. 3. If right direction,...

First, that Model 2 is not trading both ways as in hedging. I ran that bask-test using the HA candle to initiate the first trade to start a new basket, i.e. when the buy basket was started, there will not be any sell until the buy basket closed., then wait for the next HA signal which can be either buy or sell.

I know some trading robot system using grid using averaging down and Martingale lot sizing by doubling the lot size every next grid level. Some use more creative lot sizing like Fibonacci or a Multiplier of the previous position. All these type of grid trading can make profits and it can also blow your trading account. There are huge risks when trading with grid systems.

Therefore when I trade with ME/ME I manage the basket with a pre-determined Stop Loss and use %Risk with Position Sizing.

It is not possible to be 100% right about the market trend or the trade direction, We are all doing some form of technical analysis and form our trade bias. When we are wrong, we get out of our trades. This is why Exit Strategy is very important as with the Entry Strategy. But I know from my experience that trading the higher timeframe like D1 will produce better results. When we trade H4 swings, we can buy and sell in the same week when the market is ranging. But with D1 chart trading we can buy and sell in the same month when the market makes its swing low or swing high during the 20 days in the month.

To trade with ME/ME with %Risk and Position Sizing, your trading capital must be large enough to allow this. Still we are trading small lots and that is relative to the trading capital. The trade distance or what some call the grid distance should be dynamic and based on a minimum ADR pips distance. Usually if we trade with 5 trades in none basket, we know the initial SL and the range of the price swing and depth of retracement where we would use to calculate the ME2, ME3, ME4 and ME5 positions using the ADR.
In wide ranging market type, the retracements usually allows to maximum 5 ME trades, however in narrow ranging market type usually onky 3 positions maximum before we run into profits. Trending market type and breakout like GBPUSD last week means we do not get to add ME positions to build up to one full basket of 5 trades.
Therefore I emphsize a lot on doing top down analysis and form the the Big Picture of the market before we start to trade every week. The Big Picture will help us determine the market conditions hence the market type to trade.

Stay tuned, for more on trade management and exit strategy for MEME.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,394
  • Oct 8, 2017 6:21pm Oct 8, 2017 6:21pm
Quoting Davit
{quote} Bulk of my trades 90% are there.I scalp sometimes and don't post minor gains.I erase actual dollar numbers gains/losses because those are private however the graphs reflect the truth. You want me to post my entire Sept trades here I can if you want! Do you prefer I post on this thread my Oct trades? so far! I will be happy to do so! I am getting tired of your line of questioning! Are you going to publicly apologize to me if I prove you wrong! If you are then I can post whatever you want but I need an apology in the end!You basically accused...

Davit,

your this very post speaks very loud of you and your online character.
TheMark made some very good observations but he got banned from your thread.
I thought he made some valid points which you could have explained and refuted him like a true honest trader.
https://www.forexfactory.com/showthread.php?t=679786



I have nothing to apologize for. Coming from someone like you, you can call me whatever you want but that does not make me one.

I know the way you trade and in short 5 years, you change 3 trading systems. All 3 system have the same flaw. Therefore I do not need to see all your trades. I read your posts whenever I have the time because I am studying various traders and their money management strategy.

I call you a rookie trader because for many things you posted in your thread and the 3 systems. I know of many newbies traders going way back to 2010 and many are still rookies traders because they all make the same mistakes rookie traders make year in year out.

This is not a popularity contest like you have said in your thread.I was banned from your thread for long time until today. Obvious reasons, right.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,395
  • Oct 8, 2017 6:32pm Oct 8, 2017 6:32pm
Quoting ReverseFlash
Batman vs Joker Superman vs Luthor Messi vs Cristiano Ali vs Frazier Trump vs Hillary Emmanuel7788 vs Davit

LOL.

This is not a contest nor competition.

We are at very different levels - both in life and in trading.

He wants to bring his trading the next level.

Anyone who want to move to the next higher levels should consider reading this book,

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,396
  • Oct 8, 2017 7:16pm Oct 8, 2017 7:16pm
Quoting emmanuel7788
{quote} LOL. This is not a contest nor competition. We are at very different levels - both in life and in trading. He wants to bring his trading the next level. Anyone who wants to move to the next higher levels should consider reading this book, {image}
CHAPTER 1
Where Expertise Begins
The Performance Niche


"I’m a big believer in starting with high standards and raising them.

We make progress only when we push ourselves to the highest level."


—Dan Gable

Real knowledge is to know the extent of one's ignorance.
  • #82,397
  • Oct 9, 2017 2:44am Oct 9, 2017 2:44am
Quoting ReverseFlash
Batman vs Joker Superman vs Luthor Messi vs Cristiano Ali vs Frazier Trump vs Hillary Emmanuel7788 vs Davit
RRRRRING Ding Ding ding ding...

Missed the entertainment......

Pizza and beer required..
Risiko birgt immer auch die Chance.
  • #82,398
  • Oct 9, 2017 2:57am Oct 9, 2017 2:57am
Quoting emmanuel7788
{quote} . We are at very different levels - both in life and in trading.

Right. You missed the growing up. Every time someone demaskes your BS you start acting like a baby.
Newbies be warned of emmanuel7788. Hes not true.
  • #82,399
  • Oct 9, 2017 3:05am Oct 9, 2017 3:05am
Quoting Malony
{quote} Right. You missed the growing up. Every time someone demaskes your BS you start acting like a baby.

just a matter of time when such troll will show up.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,400
  • Oct 9, 2017 3:06am Oct 9, 2017 3:06am
Quoting Sesamstrasse
{quote} RRRRRING Ding Ding ding ding... Missed the entertainment...... Pizza and beer required..

You missed this great post by CP.

https://www.forexfactory.com/showthr...3#post10368363

its the Hard Truth for anyone thinking of trading for a living.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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