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Trading Made Simple

  • #88,601
  • Jul 21, 2018 7:36am Jul 21, 2018 7:36am
What is CashFlow model?

First, something you may want to know and consider these two.

the Lotto model and the Insurance model,

combine both and come up with a "Cash Flow" model

and diversify your trading and to make good use of your OPM.

With your own winning system to generate positive cash flow, you can retire early in life.

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,602
  • Edited 8:47am Jul 21, 2018 7:58am | Edited 8:47am
Oh and i canīt find any informations on the correct money management here to trade this strategy successfully. Lets say i switch to H4. Where to take profits for each trade, where to stop losses? A 1:2 ratio? So lets say on H4 i aim for 100 pips profit each trade i would need to stop loss at max. of 50 Pips per position.

So for 0.10 lot trades on the major pairs this would mean

Winning 10 trades in a row = +$1000 to my account
Losing 10 trades where stop loss is 50 pips = -$500

So on a 50% winning performance i would still end up in $500 profit, right?

That sounds like easy money, canīt be true or? So all i had to achieve would be 20 trades / month if 50% are stopped out to make a contant profit of $500 each month. I wonder why there are not 7,5 billion millionairs on earth

Now the question is how many valid trading signals for the H4 there are for 1 currency pair / week ?
How many of them are realistic to catch? Maybe i should concentrate on 1 Pair only for the beginning so i donīt feel overhelmed with looking at 8-10 more charts?
  • #88,603
  • Edited 8:51am Jul 21, 2018 8:37am | Edited 8:51am
Quoting Tekkies
{quote} That said, now let's try something practical with the assumption you know already know how to read / find on a chart all the points mentioned in post#647
Awesome, thanks a lot, i will try to do this now. Switching to only 1 Pair to focus on.

I am not sure if i did understand all things correct you mentioned for setting up my environment for that one currency pair.

So lets assume i want to take trades on the M30 for EUR/USD. I open a second EUR/USD chart window for it on the lower M15 time frame and only place a TDI Indi with Alert function to this one right?

So when it alerts me on the M15 i still have 15 minutes time to take the necessary steps to figure out if this setup might be ok according to all other rules. And if this looks okay to me i would place my trade with the open of the next M30 candle if green crossing red at that moment? But if it looks good on the M15, 15 Minutes later placing my trade on the M30 it might look already different and telling me not to take the trade because TDI hook/angel is different again, market condition might be changed or what ever.

Maybe someone could record me a desktop video under live trading conditions what and how to do here based on the given example above. Only reading and looking at historical charts never really helped me a lot i think. Its also hard to learn trading like this i belive as everything is already outdated at the time of posting it..

If this is not possible i would also like to book a flight to see an experienced trader over his shoulder heh
  • #88,604
  • Edited 11:11am Jul 21, 2018 10:47am | Edited 11:11am
Quoting lddd
Oh and i canīt find any informations on the correct money management here to trade this strategy successfully. Lets say i switch to H4. Where to take profits for each trade, where to stop losses? A 1:2 ratio? So lets say on H4 i aim for 100 pips profit each trade i would need to stop loss at max. of 50 Pips per position. So for 0.10 lot trades on the major pairs this would mean Winning 10 trades in a row = +$1000 to my account Losing 10 trades where stop loss is 50 pips = -$500 So on a 50% winning performance i would still end up in $500 profit,...
"the correct money management here to trade this strategy successfully"
That is way BigE send members to BabyPips.com to learn basic Forex stuff
---------
Iddd why are you so concern about money and money management?
Rather concentrate on the method you use. Money is the byproduct of your trading result. Good trading = good money Bad trading = no money.
Old saying: Save a penny, buy a farm. In this case save a pip, rob the broker.

Use this supple formula: Account Balances/100/10 (Add zero to 100 to make lot size smaller, 10 is how many entries you want to enter in a batch)
Now if you trade 10 pair's each pair can get on only one entry or trade 5 pair's each pair can get only 2 entry's or trade one pair with 10 entries
As the account grow's so will the lot size, also the opposite as the account shrink so will the lot size go smaller.
Forget about profit and ratio and that stuff. It will only hinder you to pull the trigger on a bad entry and make you hope that bad trade will turn and go into profit.

Don't try and achieve anything. You putting yourself under uncalled pressure. (That is way you took that bad buy order because you are trying to achieve a goal)
Nothing wrong to set a goal, just make sure it does not become you trading Master. If you don't reach that goal so what. Try the next day, week, month.

Your only purpose is to focus on what you see and do when TDI green has crossed the red line.
Your only purpose is to focus in what you do when green goes flat, check mark, hook over.

Quoting lddd
{quote} Awesome, thanks a lot, i will try to do this now. Switching to only 1 Pair to focus on. I am not sure if i did understand all things correct you mentioned for setting up my environment for that one currency pair. So lets assume i want to take trades on the M30 for EUR/USD. I open a second EUR/USD chart window for it on the lower M15 time frame and only place a TDI Indi with Alert function to this one right? So when it alerts me on the M15 i still have 15 minutes time to take the necessary steps to figure out if this setup might be ok according...
The M15 is only alerting you that M30 TDI maybe want to crossover. Apply post#647 to the M30 chart.
---------
I apply it to the M15 to practise while the higher time frame TDI is making up his mind to cross or bounce or just go on in current direction
---------------
Not mentioned Iddd, the M15 can also alert you that M30 green want to go flat, change direction. Use it then also to exit a trade at the right time depending on what M30 is doing.
  • #88,605
  • Jul 21, 2018 11:57am Jul 21, 2018 11:57am
Quoting emmanuel7788
{quote} In the 1900's I was hungry for success and wanted an early retirement. I was trading the stock market for a few years started in mid 1980 while I had a successful corporate career which paid well. At one point in time 2007, I asked my stock trading mentor this same question: But is there really no shortcut? This same mentor was one who ran his trading school and had proven track record in making millions in the those years between 1995 to 2005.He had thousand of students over several years conducting trading courses. Guess what his reply...

Dear Mr. Emmanuel ...
If you know how much I wish to speak to you directly, but I know I probably don't deserve this time that you give to others to help them, and maybe they are more needed then me.
I got lost in this world (an uncertain world) between North and South and I didn't have any prompt. Believe it or not , I have spent more than 3000 hours of learning and reading at Random, but I didn't take advantage of it (maybe some psychological aspect and benefit realization).
Honestly , I'm getting tired of this situation and tired of navigating between Traders Thoughts (Trading Strategies ) .
Now after all this time, effort and money. I will back to take your advice to me (There is no shortcut)
I want to LEARN this (profession), whatever it takes.
Now I want to have an Organized Understandings and not Random as before.
Through your words, Sir, and words of people who you refer to them (as sources of learning):

  1. James 16
  2. mbqb11
  3. Strat (PASR)
  4. Nial Fuller
  5. Beg E
  6. X-Man
  7. phx62
  8. Others

I want to use the Leverage in time through asking you for : Your Guidance for me.
*How do I start my LEARNING Journey?
*Where do I start from?
(You Sir and all of them, refer to James 16 because it was the beginning of yours Learning source .IF that useful )

In the end . I don't know how to Thank you and I hope I can repay to you by my prayers for you by every goodness and happiness
(I apologize for my weakness in language)

There is Light at the End of the Tunnel.
  • #88,606
  • Jul 21, 2018 12:04pm Jul 21, 2018 12:04pm
Alij learn supply and demand once you have you will be on your way it's the best way to buy low sell high
  • #88,607
  • Jul 21, 2018 12:19pm Jul 21, 2018 12:19pm
Quoting emmanuel7788
{quote} colour not important. what is important is the Open High Low and Close OHLC ... Bar Chart last week D1 close with DBHLC, so I know what many traders would do on Monday, and some the many traders do not know the risks of this DBHLC. it is the Market Type which I pick to trade not the timeframe. {image}
Yup i also notice that DBHLC.
Many thanks to reply me with complete additional information.
  • #88,608
  • Jul 21, 2018 12:19pm Jul 21, 2018 12:19pm
Quoting Divergence
Alij learn supply and demand once you have you will be on your way it's the best way to buy low sell high
Where can i fined it?
I want one source that include all the information plz
And Thank you for your help
There is Light at the End of the Tunnel.
  • #88,609
  • Jul 21, 2018 12:26pm Jul 21, 2018 12:26pm
Ali.J
I have spent more than 3000 hours of learning and reading at Random.
Here is your problem you just wasted 3000 hours that you could of use to look at charts.

There is no shortcut
And right after saying this you start looking for shortcut and preparing yourself for more 3000 hours of learning and reading at Random
  • #88,610
  • Jul 21, 2018 12:27pm Jul 21, 2018 12:27pm
Quoting emmanuel7788
{quote} more resources posted here which you can do search and look-up. but be warn, you can suffer from information overload and you should know when to stop, take a break, then slowly digest the knowledge. {image} {image}
Yummy more thing to read.
Yes, i think i need to slow down, and stop for a while, to fast, to much information, im overheat..
My bedtime since last 3 weeks not good.

I need my 5kg crispy pork belly and some chips, peanuts, and some bottle of beer tomorrow, absolutely a must!
  • #88,611
  • Jul 21, 2018 12:29pm Jul 21, 2018 12:29pm
Quoting lddd
{quote} Thanks for your help. I will go through this again and practice. But more like this i would also love to find some technical tools for my trading environment (MT4) to make things easier. I already changed my template with the one can be found on Post 1 here. TDI and Stochastics Histogram, DOL Lines. Thats it. However this does not solve the problem with having to look at so many TDI Crosses. No Alerts for possible Entries/Exists. Maybe some Filters to sort out signals where price action isnīt valid to the rules. So i donīt even have to worry...
Trading Made Complicated.

I want to create that thread.
  • #88,612
  • Jul 21, 2018 12:37pm Jul 21, 2018 12:37pm
Quoting lddd
Oh and i canīt find any informations on the correct money management here to trade this strategy successfully. Lets say i switch to H4. Where to take profits for each trade, where to stop losses? A 1:2 ratio? So lets say on H4 i aim for 100 pips profit each trade i would need to stop loss at max. of 50 Pips per position. So for 0.10 lot trades on the major pairs this would mean Winning 10 trades in a row = +$1000 to my account Losing 10 trades where stop loss is 50 pips = -$500 So on a 50% winning performance i would still end up in $500 profit,...
I think its achievable .
I think its make sense 50% winning ratio.
I think its very realistic.
I think 100 pips per trade is achievable.

But,

I think not with constant 50 pips stoploss.
  • #88,613
  • Jul 21, 2018 12:38pm Jul 21, 2018 12:38pm
Quoting STrading
Ali.J I have spent more than 3000 hours of learning and reading at Random. Here is your problem you just wasted 3000 hours that you could of use to look at charts. There is no shortcut And right after saying this you start looking for shortcut and preparing yourself for more 3000 hours of learning and reading at Random
In the past I didn't know what i want in the first
Now I want to use other people experience as a Guide for information resources only
Yes , maybe i ll make the same fail . But i 'll review my final observation, and see what the results .
Looking to charts Blindly not useful at all (to me ) because I have to KNOWING WHAT I AM DOING
There is Light at the End of the Tunnel.
  • #88,614
  • Jul 21, 2018 12:51pm Jul 21, 2018 12:51pm
Quoting Ali.J
{quote} In the past I didn't know what i want in the first Now I want to use other people experience as a Guide for information resources only Yes , maybe i ll make the same fail . But i 'll review my final observation, and see what the results . Looking to charts Blindly not useful at all (to me ) because I have to KNOWING WHAT I AM DOING
There is only a point where you will get here the rest will have to be done by you. If you took that time looking around here you should have some ideas. Maybe the problem is you are trying to get everything from here and your not spending enough time on the other part witch is the chart
  • #88,615
  • Jul 21, 2018 12:55pm Jul 21, 2018 12:55pm
Quoting Ali.J
{quote} In the past I didn't know what i want in the first Now I want to use other people experience as a Guide for information resources only Yes , maybe i ll make the same fail . But i 'll review my final observation, and see what the results . Looking to charts Blindly not useful at all (to me ) because I have to KNOWING WHAT I AM DOING
Ali
All that you seek in one place: https://www.babypips.com/learn
After 3000 hours of Random click on Test Yourself to find out how much you do know.

After that Click on "Start course"
  • #88,616
  • Jul 21, 2018 1:00pm Jul 21, 2018 1:00pm
Quoting emmanuel7788
{quote} Hi redfan Thank you for sharing your EJ Big Picture. I had several posts made on EJ and market type last week. The current wave is a little too steep for a rising channel for market to continue without a correction. But we just wait and see how each day will play out. I see EJ breaking out ot the Contracting Triangle market type and will likely continue in a wider range consolidation like an Expanding Triangle wave pattern...until the next trend move. Trade Well. {image} {image}
Emm, are you still doing this triangle things?
Its looks make sense.
  • #88,617
  • Jul 21, 2018 1:01pm Jul 21, 2018 1:01pm
Quoting Tekkies
{quote} Ali All that you seek in one place: https://www.babypips.com/learn After 3000 hours of Random click on Test Yourself to find out how much you do know. After that Click on "Start course"
Agreed Tekkies.
  • #88,618
  • Edited 3:59pm Jul 21, 2018 3:45pm | Edited 3:59pm
Quoting Tekkies
{quote} Don't try and achieve anything. You putting yourself under uncalled pressure. (That is way you took that bad buy order because you are trying to achieve a goal) Nothing wrong to set a goal, just make sure it does not become you trading Master. If you don't reach that goal so what. Try the next day, week, month.
Well makes sense but personally i donīt see setting up some "goals" as pressure. I dont want to trade just to trade or because it feels so much fun watching charts floating up and down 24 hours. I donīt have any pressure at all but can imagine to do some more funny things with my time.

I just want to know what can be "achieved" on average lets say on a H4 with trading only 1 Pair like EU or GU from your experience. But with experience i mean trading it on a real money account for at least a period of time that can be considered as constantly profitable, so lets say 2/3/5+ years?

It does not exclude further education in myself or that i am not intereted in finding/trading only the very best signals.

I mean i donīt want to become the trader of the Year or win any prices for beeing such a super fancy cool trader only winning most of the times...

For me it should be only simple math i can find trust in.

Lets say i want to make a living out of it and desposit a 500k to my account. So yes, sure i would like to know some numbers and how to get there for hat 1-2% return i can withdraw each month to live on. I think thats just logical. If this is then referred to as by-product thats just fine.
  • #88,619
  • Edited 4:25pm Jul 21, 2018 4:13pm | Edited 4:25pm
Hey iddd now your on the right path you need a business plan. I have been day trading for 16 year's after about 7 yrs I discovered I had no plan for last 9 yrs I have that plan. After all trading is about making money right
  • #88,620
  • Jul 21, 2018 4:25pm Jul 21, 2018 4:25pm
@Tekkies. Where do i find the right TDI Indicator able to setting up Alerts. And what else do i need without messing up the chart. I think someone told me few posts back that i am not using the correct Stockhastics Indicator.
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