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Trading Made Simple

  • #89,061
  • Aug 2, 2018 4:13am Aug 2, 2018 4:13am
Quoting lddd
{quote} Its a fact. Just look at the Volatility for EUR/USD for e.g from 2010-2018. It decreased from 130 Pips / day to 65 Pips.
The bar's today are going up / down the same way they did back then.
  • #89,062
  • Aug 2, 2018 4:33am Aug 2, 2018 4:33am
Quoting lddd
{quote} Its a fact. Just look at the Volatility for EUR/USD for e.g from 2010-2018. It decreased from 130 Pips / day to 65 Pips.
When I trade 4H swing, I look at the average weekly range of 52 weeks.

You can see this on the chart below, the 52-weeks average weekly since Sep 2016 is below 250 pips.
Compared to those years when Big E was trading, that was very much above 300 pips.

But this does not affect my trading as I adjust to the market volatility for initial SL as the risk R and do my trade Position Sizing.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Average Weekly Range 52 weeks.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,063
  • Aug 2, 2018 4:34am Aug 2, 2018 4:34am
Quoting Tekkies
{quote} The bar's today are going up / down the same way they did back then.
I think you don’t see the big picture and what I am trying to say. The decrease of volatility affects day traders trying to make like 20 pips if they risk 10 dramatically if the average you can get is that movement is already 50% of what you can expect to see the market is moving.

Just tell me how many of these „high profibility trades“ based on the TMS you have done for the ongoing week? It’s Thursday and for me i got 0 so far watching charts every day from the H4 to the M15. How many good trades there have been ? 1,2?
  • #89,064
  • Aug 2, 2018 4:37am Aug 2, 2018 4:37am
Hi every one,
Opportunity to ditch ou some pips
Head & Shoulder pattern.
Entered short at 109.58
Tp 109.10
Attached Image (click to enlarge)
Click to Enlarge Name: EurJpy Head & Shoulder.PNG Size: 43 KB
  • #89,065
  • Aug 2, 2018 4:43am Aug 2, 2018 4:43am
Quoting arasheed
Hi every one, Opportunity to ditch ou some pips Head & Shoulder pattern. Entered short at 109.58 Tp 109.10{image}
Nice head and shoulder.

It have potential profit 120 pips.
  • #89,066
  • Aug 2, 2018 4:46am Aug 2, 2018 4:46am
So if this method is that profitable why don’t you guys not please link your accounts to myfxbook and let us be part of the journey. Because all of what I’ve heard here so far doesn’t means a shit if you can’t proof it and we talk again in 1-2 years if the account still exists...
  • #89,067
  • Aug 2, 2018 4:50am Aug 2, 2018 4:50am
Quoting arasheed
Hi every one, Opportunity to ditch ou some pips Head & Shoulder pattern. Entered short at 109.58 Tp 109.10{image}
That's a Double Top, not H&S
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #89,068
  • Aug 2, 2018 4:54am Aug 2, 2018 4:54am
Quoting The Cableguy
{quote} That's a Double Top, not H&S

powerful chart pattern
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,069
  • Aug 2, 2018 4:58am Aug 2, 2018 4:58am
Quoting The Cableguy
{quote} That's a Double Top, not H&S
Thanks for comment, It is just profitable pattern, Isn`t so ?
  • #89,070
  • Aug 2, 2018 5:06am Aug 2, 2018 5:06am
Quoting arasheed
Hi every one, Opportunity to ditch ou some pips Head & Shoulder pattern. Entered short at 109.58 Tp 109.10{image}
Its 129 not 109...
  • #89,071
  • Aug 2, 2018 5:09am Aug 2, 2018 5:09am
Quoting arasheed
{quote} Thanks for comment, It is just profitable pattern, Isn`t so ?
For sure.

H&S should have a rounded top and importantly a break of trend (neckline);

Attached Image (click to enlarge)
Click to Enlarge Name: H&S.png Size: 41 KB


Note the Negative Divergence, followed by a LL (Lower Low) to break trend, now look for retrace to prior Supply (Wick on the way down), for Short entry. Target previous Demand, (Tail on the way up). Always look left...
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #89,072
  • Aug 2, 2018 5:23am Aug 2, 2018 5:23am
EURJPY Week 31 H4 Example of last 'reversal'

When I look at last 'reversal' I also check f there is a set-up candle. A set-up candle is an APB/HA candle that closes below the 5EMA for sell setup.
In this example below, the last reversal did not provide a valid setup candle and that is now the previous resistance...
the rest you can figure out on your own.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Week 31 H4 setup candle example.png Size: 56 KB


Post#647 below.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E post 647 last reversal.png Size: 123 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,073
  • Aug 2, 2018 5:29am Aug 2, 2018 5:29am
Quoting The Cableguy
{quote} For sure. H&S should have a rounded top and importantly a break of trend (neckline); {image} Note the Negative Divergence, followed by a LL (Lower Low) to break trend, now look for retrace to prior Supply (Wick on the way down), for Short entry. Target previous Demand, (Tail on the way up). Always look left...

I LIKE very much.

What about the market psychology behind this head and shoulders chart pattern?

Head and Shoulders market psychology pdf click to download .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,074
  • Aug 2, 2018 5:32am Aug 2, 2018 5:32am
Im unsubcribe to this thread.
  • #89,075
  • Aug 2, 2018 6:04am Aug 2, 2018 6:04am
Quoting lddd
{quote} Its a fact. Just look at the Volatility for EUR/USD for e.g from 2010-2018. It decreased from 130 Pips / day to 65 Pips.

You can check the hourly and daily volatility of the pairs you trade here

https://www.mataf.net/en/forex/tools/volatility

so when we day trade, do not expect to make 100pips.

manage our expectations.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD volatility.png Size: 24 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,076
  • Aug 2, 2018 6:06am Aug 2, 2018 6:06am
Quoting lddd
So if this method is that profitable why don’t you guys not please link your accounts to myfxbook and let us be part of the journey. Because all of what I’ve heard here so far doesn’t means a shit if you can’t proof it and we talk again in 1-2 years if the account still exists...
You mean like this guy:
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-08-02 at 13.03.37.png Size: 506 KB


https://www.forexfactory.com/showthr...13860&page=498
'in less than half an hour he made over 100 ticks'
  • #89,077
  • Edited 7:29am Aug 2, 2018 7:18am | Edited 7:29am
Quoting onejester
{quote} You mean like this guy: {image} https://www.forexfactory.com/showthr...13860&page=498
Did not even know dee50 is useing or did use TDI.
One of his post has this info:
Attached Image (click to enlarge)
Click to Enlarge Name: wharded.PNG Size: 22 KB


Quoting lddd
{quote} Its 129 not 109...
There you have it. Been posting the same principle as to what dee50 has posted. As to a link to a trading account is not going to help you. No two trader's read the chart's the same way nor do they trade the same way.

Doubt it very much that any trader can give you what to are seeking: assurance.
  • #89,078
  • Aug 2, 2018 7:30am Aug 2, 2018 7:30am
Quoting Tekkies
{quote} Did not even know dee50 is useing or did use TDI. One of his post has this info: {image} {quote} hghg
One things for sure with those results, he ain't using it today...

'in less than half an hour he made over 100 ticks'
  • #89,079
  • Aug 2, 2018 8:53am Aug 2, 2018 8:53am
Quoting onejester
{quote} One things for sure with those results, he ain't using it today...
Look like he is using Renko
  • #89,080
  • Aug 2, 2018 9:00am Aug 2, 2018 9:00am
Thanks heaps for posting those charts.
Very Helpful and really appreciate it.
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