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Trading Made Simple

  • #83,421
  • Nov 15, 2017 12:07pm Nov 15, 2017 12:07pm
Quoting blueman
{quote} Enjoy your vacation Emmanuel

Thanks.

vacation is great and when we can still make money trading the stock markets.

Anyone bought RAZER at their IPO? Fantastic gains on opening day.

I am holding this for the next 2 years. Better pay attention when Mr Li Ka Shing invest in this RAZER company.

And those holding BRK A and B shares, better watchout for Apple share prices.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,422
  • Nov 15, 2017 12:12pm Nov 15, 2017 12:12pm
Quoting emmanuel7788
{quote} Hi, keep my reply short now. NO, I do not use AUS200 to track the AUD pairs. on AUS200, it broke high with that Inside Day on Oct 11 and there was a darvas box high so many equity traders like me ... we all buy. Now last 3 days AUS200 is on retreat and took out the 2 days low SL, We wait and see if 5900 as support. {image}
Thanks for answering ✌

I think I read, you do use the USD index some way.

Regards.
  • #83,423
  • Nov 15, 2017 12:15pm Nov 15, 2017 12:15pm
Quoting RickM
{quote} If your signals were so good, you would be making a small fortune. Why bother trying to find a few suckers to pay $50 a week each anyway. Oh I see, you can't actually cut it in this game and are wasting your time attempting to lure a few newbies who know no better. I hope last night you were buying the Euro, there was a lot of money earned in the evening and I really did profit will. Oh I see, you were too busy working on your little scam. Never mind perhaps I could give you a few free signals on the house, no trial.

LOL, someone wants to sell TMS trade signals.

Folks, no need to spend money to buy trade signals.

Learn to spot trade signals on your own. It is quite simple to look for trades but the most difficult part is to trade and make money consistently for 3 to 5 years.

Look at AUDUSD chart below, isn't that setup when Monday Nov 13 D1 bar/candle close so obvious a sell setup?

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 46 setup candle Nov 13.png Size: 54 KB


Using the HA close, PAc and TDI simple rules, that was sell setup.

If you trade pure price action with price bars/candlesticks, that is also D1 Master Candles breakout sell.

But PASR traders, there is WCC and we have more opportunities for longer term traders.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,424
  • Nov 15, 2017 12:22pm Nov 15, 2017 12:22pm
Quoting Black
{quote} Thanks for answering ✌ I think I read, you do use the USD index some way. Regards.

Yes.
I follow USDX and also I use several Composite Currency Index, for example the JPY pairs. The AUD, CAD and NZD pairs belong to a specific Composite Pair Index.

This is the reason why I have my 19 trading pairs in 5 groups and I can pick any one from each group to trade.
From the 19 pairs, I will have 5 pairs traded at the same time. This is very important part of my money management strategy when I trade with MEME.
I can have some losers but when I have 3 wins out of 5 pairs, I am good every time. I don't stress myself trying to win 100%.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,425
  • Nov 15, 2017 12:27pm Nov 15, 2017 12:27pm
Quoting emmanuel7788
{quote} Thanks. vacation is great and when we can still make money trading the stock markets. Anyone bought RAZER at their IPO? Fantastic gains on opening day. I am holding this for the next 2 years. Better pay attention when Mr Li Ka Shing invest in this RAZER company. And those holding BRK A and B shares, better watchout for Apple share prices.
what is the symbol? its trading in the US?
  • #83,426
  • Nov 15, 2017 12:28pm Nov 15, 2017 12:28pm
Quoting FXmongoose
HI guys! My 1st MEME was unlucky ( I will try more .... {image}

You first loss is your best trade ever and you will remember this one.

I had many losers during my first 2 years trading with MEME. I learn from them all.

You did the right thing trading with Stop Loss and using Position Sizing. You want to make one million dollars trading, you must learn to use %Risk and Position Sizing.

Do you want to know how many years of trading the stock market to make one million dollars?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,427
  • Nov 15, 2017 12:31pm Nov 15, 2017 12:31pm
Quoting blueman
{quote} what is the symbol? its trading in the US?

BRK A and B shares:

https://www.investopedia.com/ask/ans...s-b-shares.asp
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,428
  • Nov 15, 2017 12:40pm Nov 15, 2017 12:40pm
Quoting emmanuel7788
{quote} BRK A and B shares: https://www.investopedia.com/ask/ans...s-b-shares.asp
you mean RAZOR gaming, trading in hong kong?
  • #83,429
  • Nov 15, 2017 12:42pm Nov 15, 2017 12:42pm
Quoting Jordi
oh no, I don't want statistics, may be I didn't explain well. I only want to be sure this system fits my personality, I want to be sure I'm feeling good trading with MEME.

You need to do system development next year because ...
you must develop your own trading system that fits you, and also to better understand how to make more profit while trading any market under any conditions.

One of the more important factor for investors / traders to succeed in making money from the markets is their financial independence.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,430
  • Nov 15, 2017 12:47pm Nov 15, 2017 12:47pm
Quoting blueman
{quote} you mean RAZOR gaming, trading in hong kong?

Yes. its that RAZER company that where I bought my mechanical keyboard and mouse.
That company has a lot more to offer than just the gaming stuff.
Just keep track of its performance the next 2 years, big things will happen and you will make money being a shareholder even with just 0.001% share in that company.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,431
  • Nov 15, 2017 12:51pm Nov 15, 2017 12:51pm
Quoting emmanuel7788
{quote} Yes. its that RAZER company that where I bought my mechanical keyboard and mouse. That company has a lot more to offer than just the gaming stuff. Just keep track of its performance the next 2 years, big things will happen and you will make money being a shareholder even with just 0.001% share in that company.
look interesting thanks , I will buy too. thanks my friend take care
  • #83,432
  • Nov 15, 2017 12:54pm Nov 15, 2017 12:54pm
Quoting mokuro89
{quote} hi Jordi, I've modified this indicator to calculate the true average entry order using weighted average of entry positions when positions have different lotsizes but it can be used to only one side (only buys or only sells, it does not calculate the average if you have buy+sell at same time like the one you are using) also atacched some other scripts I sometimes use to manage baskets, to easy drag/drop modify SL/TP of all open positions of that pair and close all open. hope it helps {file} {file} {file} {file}
nice tools.

You need to make a script on that will Close All Profit positions in all charts or selected charts.

You can then use that script to close all profitable positions in one same day then make your MT4 statement showing 100% win rates for posting in public forums.

After that, maybe the next day, you can close all positions which are in losses. But this time you do not post that MT4 statement shwoing the losing positions.

QED.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,433
  • Nov 15, 2017 1:03pm Nov 15, 2017 1:03pm
Just catching up reading strat's thread PASR and I found this below...

Quoting strat
EURNZD {quote} Don't get married to a pair, Terry! When PRICE gets to Support/Resistance, it almost always goes into consolidation. Don't trade in consolidation - look for another pair.
Do not trade consolidation, does that sounds familiar? Post#647 here.

and Big E had 31 posts where he menitoned the keyword "consolidation".
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,434
  • Edited 3:37pm Nov 15, 2017 3:22pm | Edited 3:37pm
Quoting emmanuel7788
{quote} You first loss is your best trade ever and you will remember this one. I had many losers during my first 2 years trading with MEME. I learn from them all. You did the right thing trading with Stop Loss and using Position Sizing. You want to make one million dollars trading, you must learn to use %Risk and Position Sizing. Do you want to know how many years of trading the stock market to make one million dollars?
Thanks emmanuel 7788!
I will study better and I will work more intensively!
My Position Sizing from last trade.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR-USD.png Size: 59 KB
  • #83,435
  • Nov 15, 2017 3:54pm Nov 15, 2017 3:54pm
Quoting RebeccaH
Would anyone being successful with this method guide me a bit as to what to read?
https://www.forexfactory.com/showthr...7#post10415647
  • #83,436
  • Nov 15, 2017 4:21pm Nov 15, 2017 4:21pm
Quoting emmanuel7788
{quote} Yes. its that RAZER company that where I bought my mechanical keyboard and mouse. That company has a lot more to offer than just the gaming stuff. Just keep track of its performance the next 2 years, big things will happen and you will make money being a shareholder even with just 0.001% share in that company.
Maybe worth looking into Netease and Tencent
the cautious seldom err....C
  • #83,437
  • Nov 16, 2017 12:49am Nov 16, 2017 12:49am
Quoting pips29
{quote} Maybe worth looking into Netease and Tencent

TENCENT is good but I missed the initial launch IPO.

Manage to get some good positions in 2015 and this year rally has been fantastic with many breakout opportunities with volume.
Holding on for slightly long term, wait and see what goes on in 2018.

Attached Image (click to enlarge)
Click to Enlarge Name: TENCENT 2017 rally.png Size: 100 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,438
  • Nov 16, 2017 12:56am Nov 16, 2017 12:56am
EURAUD Week 46:

what did you miss this week with 4H swing trading and D1 Position Trading?

did you study well the Three Powerful FOREX Price Patterns ?

did you know how to pick out the Weekly Wide Range bar and also the Weekly Control Candle by strat?

4H swing:
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Week 46 WCC DIB breakout.png Size: 93 KB


D1
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD D1 Week 46.png Size: 34 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,439
  • Nov 16, 2017 1:06am Nov 16, 2017 1:06am
Some old post to read up for all of you coming here only recently and more will come here when near the year end holidays .


https://www.forexfactory.com/showthr...66#post9121366

https://www.forexfactory.com/showthr...29#post9049229

https://www.forexfactory.com/showthr...74#post9001674
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,440
  • Nov 16, 2017 1:19am Nov 16, 2017 1:19am
Quoting FXmongoose
{quote} Thanks emmanuel 7788! I will study better and I will work more intensively! My Position Sizing from last trade. {image}

two things which you have not considered...


1) to trade a pool of 5 pairs, one pair each from the 5 groups of 19 pairs.

2) Money Management Strategy - you have not learn what is a Kedging is and how to start with a Kedge account and build that to become the Master account and then create a Kedge account when trading. Its Kedge not Hedge which many people mistaken for.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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