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Trading Made Simple

  • #84,561
  • Dec 20, 2017 8:24pm Dec 20, 2017 8:24pm
sorry if I came off that way. when I see traders struggling and then debating over these type systems I get frustrated because when I started I also used them. I guess I didn't realize till now that there are a lot of systems on ff and they are connected with new traders trying to figure this out
  • #84,562
  • Edited 8:47pm Dec 20, 2017 8:37pm | Edited 8:47pm
Forex is for suckers?

No.

But you are entitled to your opinion. Forex takes work, tenacity, study...obsession even.
It doesn't happen overnight. It takes years of practice, but it can be done.

I like to post pictures of real time trades. This one is ongoing right now and doing well.

-Dr. Ninja
Attached Image (click to enlarge)
Click to Enlarge Name: Current Trade - USDCAD.png Size: 134 KB
  • #84,563
  • Dec 20, 2017 8:45pm Dec 20, 2017 8:45pm
can you defend that statement dr ninja? I can
  • #84,564
  • Dec 20, 2017 9:19pm Dec 20, 2017 9:19pm
Um, look above.

Defend which statement? The fact that I said Forex isn't for suckers?
I know successful forex traders. Hell, I am one.

Your statement is so dumb, it's not worth my time.

Not here to fight. I have things to do.

-Dr. Ninja
  • #84,565
  • Dec 20, 2017 9:28pm Dec 20, 2017 9:28pm
Quoting DrNinja
Um, look above. Defend which statement? The fact that I said Forex isn't for suckers? I know successful forex traders. Hell, I am one. Your statement is so dumb, it's not worth my time. Not here to fight. I have things to do. -Dr. Ninja
That's you defense what a joke. Fx brokers take other side of fictional pricing and control mt4 but what do i know 17 yrs of live trading lol
  • #84,566
  • Edited 10:16pm Dec 20, 2017 9:32pm | Edited 10:16pm
I don't need to defend myself.

Above is a shot of a live trade....not an "after the fact" trade. Or a picture showing what I did or how much I made. Mine is live.
And I can post live trades everyday.

Not everyone can hack it in Forex.

That's all I am going to say about this.
  • #84,567
  • Dec 20, 2017 9:42pm Dec 20, 2017 9:42pm
Divergence, Dr Ninja play nice. Each to his own. At the end of the day both of you take pips to the bank.
  • #84,568
  • Edited 10:49pm Dec 20, 2017 10:27pm | Edited 10:49pm
This is now. I took this trade on the 15th.

The screenshot is across dual monitors, so I hope the picture looks ok.

Shorted this and just waiting for it to fall off the cliff. Probability looks really good.

Shooting for a 3:1 profit to loss...the TP is at approx 3.25:1 in the pic.

Charts are AUDUSD a 4H and Daily.

-Dr. Ninja
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD (12-20-17).JPG Size: 458 KB
  • #84,569
  • Dec 20, 2017 10:59pm Dec 20, 2017 10:59pm
Quoting DrNinja
This is now. I took this trade on the 15th. The screenshot is across dual monitors, so I hope the picture looks ok. Shorted this and just waiting for it to fall off the cliff. Probability looks really good. Shooting for a 3:1 profit to loss...the TP is at approx 3.25:1 in the pic. Charts are AUDUSD a 4H and Daily. -Dr. Ninja {image}
Prefer H1 and don't use MACD
Put 15th aside, (you not know consolidation will be this long). Why did you trade consolidation? Both chart's H4 (13th) D1(11th) show small bars and ranging.
  • #84,570
  • Dec 21, 2017 12:24am Dec 21, 2017 12:24am
Quoting Tekkies
{quote} Prefer H1 and don't use MACD Put 15th aside, (you not know consolidation will be this long). Why did you trade consolidation? Both chart's H4 (13th) D1(11th) show small bars and ranging.
Hey, Tekkies!

Trading in consolidation is indeed frustrating with SESE, but it is a gold mine if we enter with MEME and use exit and reentry technique, especially if we use progressive add-on positions as price retraces.

I know you do not want to hear about MEME, but Big E also used it, although a bit differentiy than Emm does.
  • #84,571
  • Dec 21, 2017 12:41am Dec 21, 2017 12:41am
Quoting RickM
{quote} No charts, got nothing of value to offer here. ?

Good morning Rick.

End of year, me and my group didn t open any long term trades since weeks... and won´t.
No charts 2017 from us.

I prefer to keep the books closed and spend time with family and friends, what is very limited atm.

That way I wanna wish everybody (included Tekkies and her entourage) a Merry Xmas and a happy new year.


stay tuned

Guido
Risiko birgt immer auch die Chance.
  • #84,572
  • Dec 21, 2017 12:57am Dec 21, 2017 12:57am
Quoting catalin_eros
{quote} Hey, Tekkies! Trading in consolidation is indeed frustrating with SESE, but it is a gold mine if we enter with MEME and use exit and reentry technique, especially if we use progressive add-on positions as price retraces. I know you do not want to hear about MEME, but Big E also used it, although a bit differentiy than Emm does.
Hi
Like to call it "lot's of trade's" or scale in. Not that you can scale in with 0.01.
It is not easy to trade in consolidation and did trade those H4 consolidation in H1.
It is risky, needs supervising. No set and forget. Green cross red constantly. Prone to mistakes. Not a nice environment to trade.
Also I looked at his chart with #647 rules.
Attached Image (click to enlarge)
Click to Enlarge Name: risk.PNG Size: 10 KB
  • #84,573
  • Dec 21, 2017 1:40am Dec 21, 2017 1:40am
Quoting Sesamstrasse
{quote} Good morning Rick. End of year, me and my group didn t open any long term trades since weeks... and won´t. No charts 2017 from us. I prefer to keep the books closed and spend time with family and friends, what is very limited atm. That way I wanna wish everybody (included Tekkies and her entourage) a Merry Xmas and a happy new year. stay tuned Guido
Thanks Sesamstrasse.
Enjoy the time with family, in the end they are the only one's that add real value to your life.
Seasons Greetings
  • #84,574
  • Dec 21, 2017 4:24am Dec 21, 2017 4:24am
Hi guys I haven't been posting for along time been a bit busy with things but have been trying to learn price action so I can incorporate into my trading. I have watched some videos on YouTube and thought I would share them to help others who are new to it like myself.

Inserted Video

Inserted Video

And currently watching this one
Inserted Video


Any suggestion are welcome and hope you find these videos helpful like I did.
Cheers
Craig
  • #84,575
  • Dec 21, 2017 6:23am Dec 21, 2017 6:23am
Quoting irishcraig09
Hi guys I haven't been posting for along time been a bit busy with things but have been trying to learn price action so I can incorporate into my trading. I have watched some videos on YouTube and thought I would share them to help others who are new to it like myself. https://youtu.be/T-HkyhZCLOw https://youtu.be/1-XX3UOIM4c And currently watching this one https://youtu.be/hoGkfzJeR6A Any suggestion are welcome and hope you find these videos helpful like I did. Cheers Craig
irishcraig09

Take Note:
Hindsight trading in those video's.
It is very seldom you find a video where the presenter does a chart and say price will be up or down, pause the video, restart the video after a time period. Show that he is right or wrong.

Little bit of information:
Candle Bar / candle stick is a indicator that use a value (price) to draw the candle. It will plot on the chart where price has been in that time frame ea
HH, HL -body- LH, LL
"Price Action" based on an indicator? No, it is more likely to be Candle Charting.

This is how price should be and it is not a candle.
Price does not have four values measured over a period of time (M1 to MN).
It has only one given value at specified time ea 2017/12/21 - 08:18:46 - 134.788. (Same as an order)
One dot on a graph which from a continuous line on that graph.
Therefor it does not have:
- HH, HL, LH, LL
- Gap
- Spikes
The closet Metatrader comes to true Price is the Line Chart.

Ever heard "Don't fight the tape"
  • #84,576
  • Edited 7:24am Dec 21, 2017 6:27am | Edited 7:24am
Hi Tekkies,

I trade reversals. The AUDUSD is showing slightly higher highs but with lower momentum and nice price action pin bars - A good indication of an impending reversal. I find a 3:1 is usually very attainable. I trade the daily and use 4H for a more precise entry. Also, when I see higher highs but lower momentum on the 4H, I wait for the daily to follow suit. This usually has a high probability - about 80% - that the reversal is coming.

I trade the daily chart, because I don't have to worry about economic data/announcements. It's gives the trade room to "breathe". Even trading on NFP day each month is just fine and usually a very a profitable day. Also, a lot of data is compiled into 1 daily candlestick, therefore, making the price action much stronger and giving a better indication of impending movement versus the lower time frames, which have a lot of "noise".

If you need me to mark up my chart, I can when I have some time today. There's some good trading opportunities lining up today. Should be a good rest of the trading week. Seems like we may see the CAD fall soon on the USDCAD trade - that was in the first pic I put up...especially if it breaks the 1.28181 zone.

-Dr. Ninja
  • #84,577
  • Dec 21, 2017 7:17am Dec 21, 2017 7:17am
...and there it goes (USDCAD). If we get a close below 1.28130, on the 4H, we should be sitting pretty on this trade.

-Dr. Ninja
  • #84,578
  • Dec 21, 2017 8:19am Dec 21, 2017 8:19am
TMS Monthly Control Line Method

It may be late in the year but still in the AUDJPY trade. After a period of consolidation, a Kings Bar presented a good trade setup.
My directional Bias is Buy.
1... Kings Bar presented itself in same direction as Bias
2... Above the 5EMA shift 3
3.... Cross or bounce of TDI

Total pips won is 85 pips over two trades. Target is next control line up at 88.30.
Attached Image (click to enlarge)
Click to Enlarge Name: AJ999.png Size: 295 KB
Trading thin liquidity at the boundary of the charts
  • #84,579
  • Dec 21, 2017 8:41am Dec 21, 2017 8:41am
Hi tekkies
Thanks for the reply, I see what you mean about stopping the video and in hindsight. I also started reading starts page on pasr to see how much I can learn from that as a newbie.
Cheers
Craig
  • #84,580
  • Dec 21, 2017 8:52am Dec 21, 2017 8:52am
Still remain unscathed from the big move and still short on the AUDUSD. Would love to see the daily candle become a bearish shooting star at close.

Banked 3:1 on the USDCAD trade about an hour ago.

Also entered short on the EURJPY. I'll try to post that picture later.

-Dr. Ninja
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