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Trading Made Simple

  • #85,141
  • Jan 4, 2018 3:50pm Jan 4, 2018 3:50pm
Quoting Divergence
Depends what your practicing
you are the first post'er here in this thread.. you know the answer in master degree
" Accepting losses is the most important single investment devise "
  • #85,142
  • Jan 4, 2018 6:25pm Jan 4, 2018 6:25pm
Quoting nigpig
{quote} Thank's Rick. I have a few thoughts I need to off load so please forgive my ramblings. If it is a benefit to anyone then it will be worth it. I consider myself still inexperienced and very much still learning. I looked for, in trend on W, D and H4. Only the best A* setups. There have been a lot this week and may be this is why I found it easier than expected. I might be complaining next week as everything is in consolidation and I cant stop over trading. Time will tell. Starting to get that lesson though and at least I can identify a trend...
those BUOB/BUEB and BEOB/BEEB showing increased volatility will always give you A+++ setups for entries. When you can see these ahead in time (in H4 and D1) , you will later certain see the TDI will give you the TMS signal. The rest is on your to determine your initial Stop Loss and using that SL to be your Risk(R) and do your trade Position Sizing. As an example, if your maximum is risk 2%, no matter what your initial SL (R) is, your risk will still be 2% and your worst case loss is still 2%.
Another question is do you risk 2% of your Trading Capital or 2% of your account deposit?

Those MN price swing levels are what I use to trade. Price moves from one level to the next. In the lower timeframes - W1, D1 and H4, you will see the price swings which look like waves. Follow those waves but never take your eyes off the MN when you are Position Traders and your trades can last for weeks and into months. However, if you are short term swing trader on H4, you get in and out within the same week 5 trading days. You do not hold onto your trade over the weekend except when you convert those short swing trades into Position trades. For which you will manage in the D1 chart timeframe. When you follow those MN levels, you do not concern yourself with the daily news which usually creates lots of intraday volatility which can be good for the very short term traders on H1 and below.

2500 hours in 23 months is good.
If you spend the same 6,000 hours like Big E did, you are going in the right direction. Question is: What did Big E spent his 6,000 hours on?

You should exclude those programming hours which are also important but not what I meant when I say you need to have the commitment - to spend 3 to 5 hours everyday for the next 2 to 3 years.... to become a trader.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,143
  • Edited 7:11pm Jan 4, 2018 6:44pm | Edited 7:11pm
Quoting Malony
{quote} Keep on testing emmanuelle7788. After 30+ years of trading even you will achieve some kind of system you dont have to change every week. Rofl. In the meantime Davit and his buddies collecting the profits. Imagine they are trading the same system day in day out. Without changing it. Must be real mans with a their own thread lead by a real OP. No need to disrespect a dead op over there.

@Malony,

surely there are some people here in FF who are making some money.
What about you?
you are spending your time reading only and posting garbage and still not posting any of your charts and trades to share and show people if you can trade.

Yes, I have been an investor / trader in the stock market since 1980s, that is more than 30+ years. I am now 63 and retired at age 53 when I have achieved both financial independence and financial freedom to do what I want. Many people living in first world country like Australia have achieved this.

My message in this thread has been and will always be that if you want to achieve financial freedom, you need to work very very hard at those things you have the passion for. If you have the passion in trading the spot forex market, the risk of losing the money you can afford to lose is very high. You need to be only trading with money you cannot afford to lose then you will learn and develop the mental fitness to become a winning trader. You cannot win long term with small amount of money. You need to build up your trading capital and earn the right to be in the markets -stock, futures, forex, etc.

Forget about trading with money you can afford to lose. You will eventually lose it all.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,144
  • Jan 4, 2018 6:50pm Jan 4, 2018 6:50pm
Quoting freedom48
OK HERE IS THE MOTO FOR TMS{image}

Yes, practice, practice, practice ... until you reach Deep Practice, that will make the difference.

Good book to read The Talent Code by Daniel Coyle.

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,145
  • Jan 4, 2018 6:56pm Jan 4, 2018 6:56pm
Here's the thing about trading 4hr chart is you need quite a bit of capital. Then there's the idea of using an indicator to keep you in trades all this without 1 mention of market structure. Look all I am saying is this day trading is more profitable if you have a business plan and a plan of attack. I keep 5000 in acct and draw profits every month if this isn't you then think about this otherwise you will be spinning your wheels.
  • #85,146
  • Jan 4, 2018 8:06pm Jan 4, 2018 8:06pm
Quoting Divergence
Here's the thing about trading 4hr chart is you need quite a bit of capital. Then there's the idea of using an indicator to keep you in trades all this without 1 mention of market structure. Look all I am saying is this day trading is more profitable if you have a business plan and a plan of attack. I keep 5000 in acct and draw profits every month if this isn't you then think about this otherwise you will be spinning your wheels.
Evening Divergence,
I like your comments on this thread. How would you describe your trading approach with a posted chart as a reference?
Thanks for your response,
TX15
  • #85,147
  • Edited 8:52pm Jan 4, 2018 8:35pm | Edited 8:52pm
Here's a live trade just enter 60 minutes ago on my Kings Box Strategy

GBPJPY - Long - Intent to move away from Consolidation

Price action has been compressed around a monthly line at 152.33 for a week. This is an area that has been tested before in January 2013.
A breakout from this area will need to be strong, so the trick is to wait for a breakout Bar which shows INTENT.

A nice TDI cross still won't reveal this Bar that shows INTENT. This Bar needs to be moving away from previous highs with purpose.
I start by looking at all candles moving away from the Kings Box via the H4 chart. The last Bar caught my interest as this candle was moving above the last two proceeding bars that were inside bars. In effect it had broken the top of a hook with clear space above, no resistance to impede its progress.

So a clear double breakout on the H4 chart. I asked myself does this candle have INTENT to move.
It did but not where most traders would think to look.

1 hour 29 minutes earlier on the 1 minute chart there was a sudden unexpected 15 pip plunge to retest an area just outside the Kings box which had the most demand.
Upon this action, price action jumped back up and steadily moved long with INTENT, no more supply was needed.

This Bar had INTENT to move long thereafter. I entered a long trade with stop loss just under this extreme level of demand around 152.78
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Trading thin liquidity at the boundary of the charts
  • #85,148
  • Jan 4, 2018 9:39pm Jan 4, 2018 9:39pm
NZDJPY - Long for a easy 75 pips

I had probably got out of this trade too early here but I was away from my charts all day so just closed trade to be safe.
But I will bet anyone here it will probably run up to the monthly line at 80.93. That may prove climbing a mountain in the Smokey Mountains is a bad financial move.

This was a classic Bounce of Kings Box after demand at extreme supply level was taken. And I am talking within 1 pip, crazy seen on the 1 minute chart.
This was a strong move also confirmed by the TDI.

Also confirmed is badly sprained ankle.
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Trading thin liquidity at the boundary of the charts
  • #85,149
  • Jan 5, 2018 1:12am Jan 5, 2018 1:12am
Quoting emmanuel7788
{quote} I am now 63 and retired at age 53 when I have achieved both financial independence and financial freedom to do what I want.
Sure you are the first person on earth who managed to stay on the age 63 for 5 years.


Just open your own thread. Stop dissing honest traders like a kid. Stop promoting you hiding products in a dead mans thread.


And everything will be fine. We both know why this will not happen, right?
Newbies be warned of emmanuel7788. Hes not true.
  • #85,150
  • Jan 5, 2018 1:24am Jan 5, 2018 1:24am
Quoting Malony
{quote} Sure you are the first person on earth who managed to stay on the age 63 for 5 years. Just open your own thread. Stop dissing honest traders like a kid. Stop promoting you hiding products in a dead mans thread. And everything will be fine. We both know why this will not happen, right?

Another garbage post by Malony, which has nothing related to trading and trading discussion.

Waste of time and thread space so we all can use the Cleanup button from today onward and let FF Admin deal with him.

Thank you.


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,151
  • Jan 5, 2018 1:30am Jan 5, 2018 1:30am
Quoting Divergence
{quote} HUH ? You kidding of course
Grüezi Div.
Nope..
Short would start left upper corner, and down right corner-- thatīs it-- that simple--

means not I trade it exactly this way-- for that I have specific rules..
The question was how to define a trend..
...Answered.

stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #85,152
  • Jan 5, 2018 1:31am Jan 5, 2018 1:31am
Uhh did it hurt emmanuelle7788? I cant stand seeing a 70 year old crying for mom.


Too bad you are unable to open a own thread. There you could ban bad people like me.
Newbies be warned of emmanuel7788. Hes not true.
  • #85,153
  • Jan 5, 2018 1:41am Jan 5, 2018 1:41am
Quoting Sesamstrasse
{quote} Grüezi Div. Nope.. Short would start left upper corner, and down right corner-- thatīs it-- that simple-- means not I trade it exactly this way-- for that I have specific rules.. The question was how to define a trend.. ...Answered. stay tuned Guido

There is an awful lot of PA that can print between that space. I gaurantee, i can find multiple trends within that time.

Absolute minimum for a trend is HH/HL/HH or conversely LL/LH/LL.

The problem starts when you realise that you need to match PA to the scale that you want to trade. What is a 'trend' on one scale will merely be a pullback within the next cycle higher.

As i posted the other day, you can trade both ways, provided there is enough 'meat on the bone' between S/D zones.
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #85,154
  • Jan 5, 2018 1:43am Jan 5, 2018 1:43am
Quoting emmanuel7788
{quote} Another garbage post by Malony, which has nothing related to trading and trading discussion. Waste of time and thread space so we all can use the Cleanup button from today onward and let FF Admin deal with him. Thank you. {image}
I used the cleanup button but not on Malony's post, on yours. Because you have a lot of followers (because they think they will get something out of you for free) it is unfair to use that following to round on another member who you disagree with.
Success means going from failure to failure without loss of enthusiasm
  • #85,155
  • Jan 5, 2018 2:07am Jan 5, 2018 2:07am
Quoting atisbg
{quote} I think time to go short now
Yes I opened. You too? but not closed on the support. Now trading range :/

Aud Nzd was more profitable.

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  • #85,156
  • Jan 5, 2018 2:14am Jan 5, 2018 2:14am
Quoting The Cableguy
{quote} There is an awful lot of PA that can print between that space. I gaurantee, i can find multiple trends within that time. Absolute minimum for a trend is HH/HL/HH or conversely LL/LH/LL. The problem starts when you realise that you need to match PA to the scale that you want to trade. What is a 'trend' on one scale will merely be a pullback within the next cycle higher. As i posted the other day, you can trade both ways, provided there is enough 'meat on the bone' between S/D zones.
Itīs totally uncomlicated-- really-- keep it simple.

When a chart moves down of course there will be a lower low and all this be includded.( thatīs why water is wet)

I don t get me wrong, but I really don t want to discuss a clean and clear trend, I have no time for rookie talk..


PS: Long would look opposite!!
Thanks for your understanding

Guido
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Risiko birgt immer auch die Chance.
  • #85,157
  • Jan 5, 2018 2:25am Jan 5, 2018 2:25am
Quoting lisat
{quote}I used the cleanup button but not on Malony's post, on yours. Because you have a lot of followers (because they think they will get something out of you for free) it is unfair to use that following to round on another member who you disagree with.

Here we have another long time loser in trading forex because she has a closed and dull mind and she refuse to learn more here which has been shared free of charge.

She still thinks I am selling my knowledge and experience in this thread. LOL.

Some people are just born losers.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,158
  • Jan 5, 2018 2:44am Jan 5, 2018 2:44am
Quoting Sesamstrasse
{quote} Itīs totally uncomlicated-- really-- keep it simple. When a chart moves down of course there will be a lower low and all this be includded.( thatīs why water is wet) I don t get me wrong, but I really don t want to discuss a clean and clear trend, I have no time for rookie talk.. PS: Long would look opposite!! Thanks for your understanding Guido {image}

So if my trading hour was between 8:00 and 9:00, i should go Short then? that is what you are implying.

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Utterly ridiculous.
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #85,159
  • Jan 5, 2018 2:49am Jan 5, 2018 2:49am
EURUSD H4 Jan 05 pre-NFP

To sell or not to sell?

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,160
  • Jan 5, 2018 2:57am Jan 5, 2018 2:57am
Quoting emmanuel7788
{quote} Here we have another long time loser in trading forex because she has a closed and dull mind and she refuse to learn more here which has been shared free of charge. She still thinks I am selling my knowledge and experience in this thread. LOL. Some people are just born losers. {image}


There we have the true nature of Emmanuelle7788 once again.


Offense and rude once his lies are pointed out.


Keep it coming old man. You are the biggest looser on FF. You know why.
Newbies be warned of emmanuel7788. Hes not true.
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