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Trading Made Simple

  • #90,001
  • Aug 26, 2018 5:22am Aug 26, 2018 5:22am
Virtually no-one here with a business plan... all you will read is - 'I make consistent gains and its good enough for me...'

Really?!)

Oh please...

You're basically admitting that you don't make a dime. Not on average.

If you were trading Futures and bagging (on average) 40 ticks a day - 200 a week, that's $1k with the min single contract.

So, once you can handle that together with all emotions involved (for and against), you simply start trading 2 contracts and double up to averaging $2k a week.

Next 5 contracts, 10 contracts... and why wouldn't you? $10k a week for trading exactly the same way...

When people say that they are happy making consistent gains, they give away exactly where they are in this game... nowhere near consistent gains! They make a bit and give back a bit more, with absolutely no business plan.
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #90,002
  • Aug 26, 2018 6:39am Aug 26, 2018 6:39am
Quoting Tekkies
{quote} - Not my methode. It is BigE's methode. Don't let a trading currency stop you, please continue trolling. You wasting own your time, hurting yourself with your childish behaviour.
He's only committing to do what emmanuel and his fake followers have been doing for a long time.
'in less than half an hour he made over 100 ticks'
  • #90,003
  • Aug 26, 2018 11:27am Aug 26, 2018 11:27am
Anyone knows how to add indicator like Heiken Ashi into mobile MT4 ?

thanks you
  • #90,004
  • Aug 26, 2018 12:20pm Aug 26, 2018 12:20pm
Quoting plutodev
Anyone knows how to add indicator like Heiken Ashi into mobile MT4 ? thanks you
No its not possible.
  • #90,005
  • Aug 26, 2018 12:29pm Aug 26, 2018 12:29pm
Quoting The Cableguy
Virtually no-one here with a business plan... all you will read is - 'I make consistent gains and its good enough for me...' Really?!) Oh please... You're basically admitting that you don't make a dime. Not on average. If you were trading Futures and bagging (on average) 40 ticks a day - 200 a week, that's $1k with the min single contract. So, once you can handle that together with all emotions involved (for and against), you simply start trading 2 contracts and double up to averaging $2k a week. Next 5 contracts, 10 contracts... and why wouldn't...
You were say?
https://www.tradingacademy.com/lesso...tures-account/
Yet another major difference in these markets is the cost to trade, based on the margin required to buy one contract (in futures) or a lot (in spot forex). The cost to purchase one contract in the futures markets varies by several factors: what your chosen broker charges, and what the exchange requires, and does the contract have a “day-trade buying power” leverage increase. When trading the e-mini S&P 500 futures contract, it takes $5060 of initial margin to purchase one contract. When using the day-trade rate, your contract costs 25% of that (at our partner Tradestation). When buying one contract of the EUR/USD in their futures market, the cost is $2310, and one standard lot in the spot forex market is approximately $2477.00. Some lots are much cheaper, some are more expensive.
https://tradingsim.com/blog/7-key-di...res-and-forex/
Therefore, as long as you trade a futures contract that is quoted in USD, you can find a similar spot forex instrument as well. The table below gives a brief summary.
Futures InstrumentSpot Forex instrument (equivalent)
Euro futures--------------------------------EURUSD
British pound futures----------------------GBPUSD
New Zealand dollar futures----------------NZDUSD
Australian dollar futures-------------------AUDUSD
Swiss franc futures-------------------------1/USDCHF
Japanese yen futures-----------------------1/USDJPY
Canadian dollar futures---------------------1/USDCAD
Mexican peso futures-----------------------1/USDMXN
South African rand futures-----------------1/USDZAR
  • #90,006
  • Aug 26, 2018 12:44pm Aug 26, 2018 12:44pm
And your point tekkies? Why is it so important that you trade currencies? The biggest daily range is gbpjpy but nobody trades that because of spread. The emini Nasdaq has a far bigger daily range so trading 1 contract if your stop is 15 ticks that's a 75 dollar risk. Wouldn't you want something that has great volume and movement to trade? Think about it why aren't there pairs traded in futures? When they opened up forex for retail trading they added them to lure in people to give them a host of things to trade just like a casino with multiple things to gamble they both know the house always wins but you know better right?
  • #90,007
  • Aug 26, 2018 12:53pm Aug 26, 2018 12:53pm
Quoting emmanuel7788
{quote} Trade only TDI cross???? DE30 realtime screen capture M15 {image} {image}
HELLO Emmanuel please kindly help me do you have the updated version of TMS DASH1.01 and TMS MONITOR to please share the one i downloaded is not displaying i have to search for someone in year 2018 who has used it before so thats why .Pls assist
  • #90,008
  • Aug 26, 2018 1:45pm Aug 26, 2018 1:45pm
Quoting Divergence
And your point tekkies? Why is it so important that you trade currencies? The biggest daily range is gbpjpy but nobody trades that because of spread. The emini Nasdaq has a far bigger daily range so trading 1 contract if your stop is 15 ticks that's a 75 dollar risk. Wouldn't you want something that has great volume and movement to trade? Think about it why aren't there pairs traded in futures? When they opened up forex for retail trading they added them to lure in people to give them a host of things to trade just like a casino with multiple things...
Div.
The same can be ask: "Why is Futures important". You are wrong - I don't know better.
There is no point. You post here about Futures. No problem with that. I ask myself " Why are they harping about Futures"
Google show the same:
- Depending on which side of the fence you are.
- Famous Forex Traders: SANDILE SHEZI, REF WAYNE, GEORGE SOROS, ANTONY PRAT, ALEX HOPE, RAYMOND DALIO, STEVEN COHEN, KENNETH GRIFFIN.................
- Famous Futures Traders: None

No matter what you trade the odds are stacked against you. This one is about futures, Google for forex give the same result (replace futures with forex) basically no difference.
https://tradingsim.com/blog/how-much...ading-futures/

It all comes down to you and you alone.
  • #90,009
  • Aug 26, 2018 1:53pm Aug 26, 2018 1:53pm
Quoting Divergence
And your point tekkies? Why is it so important that you trade currencies? The biggest daily range is gbpjpy but nobody trades that because of spread. The emini Nasdaq has a far bigger daily range so trading 1 contract if your stop is 15 ticks that's a 75 dollar risk. Wouldn't you want something that has great volume and movement to trade? Think about it why aren't there pairs traded in futures? When they opened up forex for retail trading they added them to lure in people to give them a host of things to trade just like a casino with multiple things...
Divergence the point is, it doesn’t matter if trading futures, stocks, or forex. If you are an idiot, you’ll likely lose money with all three. What a useless discussion again, yesterday all retail brokers were evil now trading currencies is evil. Oh man...
  • #90,010
  • Aug 26, 2018 1:54pm Aug 26, 2018 1:54pm
Do you think these guys traded forex with oanda fxcm etc they traded through banks. Look I shared maybe not for you and you mini mini forex acct but for who ever hasn't done the due diligence
  • #90,011
  • Aug 26, 2018 1:55pm Aug 26, 2018 1:55pm
Quoting lddd
{quote} Divergence the point is, it doesn’t matter if trading futures, stocks, or forex. If you are an idiot, you’ll likely lose money with all three. What a useless discussion again, yesterday all retail brokers were evil now trading currencies is evil. Oh man...
Iddd and his ego a fool and his money as the song goes
  • #90,012
  • Aug 26, 2018 2:26pm Aug 26, 2018 2:26pm
Quoting Divergence
{quote} Iddd and his ego a fool and his money as the song goes
I don't know what makes you so stupid, but it really works or as the song goes...
  • #90,013
  • Aug 26, 2018 2:27pm Aug 26, 2018 2:27pm
Quoting Divergence
And your point tekkies? Why is it so important that you trade currencies? The biggest daily range is gbpjpy but nobody trades that because of spread. The emini Nasdaq has a far bigger daily range so trading 1 contract if your stop is 15 ticks that's a 75 dollar risk. Wouldn't you want something that has great volume and movement to trade? Think about it why aren't there pairs traded in futures? When they opened up forex for retail trading they added them to lure in people to give them a host of things to trade just like a casino with multiple things...
Hi Divergence

Size of spread is not important if you are trading Day Chart setups and using multiple trades. You can bag 600 to 800 pips on a nice run like EURCAD has had recently with little risk. It’s easy money with no stress. Remember how futures were traveling in June. You mentioned it was very tough trading conditions with only small profits even for experienced traders like yourself.
Trading thin liquidity at the boundary of the charts
  • #90,014
  • Aug 26, 2018 2:30pm Aug 26, 2018 2:30pm
I am a daytrader Rick never traded a daily chart I am glad you made 800 ticks how long was trade
  • #90,015
  • Aug 26, 2018 2:55pm Aug 26, 2018 2:55pm
Quoting Divergence
I am a daytrader Rick never traded a daily chart I am glad you made 800 ticks how long was trade
That trade took three weeks so you need to have your hand in a few more long term setups to make regular serious money here. It’s still ONLY part of the equation to make a living. I am trading from Oregon this month before heading back to my home base in Australia so don’t have my full saved charts. But when I get back to my laptop tonight, I will dig up a chart to show how I trade the M5 chart for about 300 pips a week without worrying about spread size. I trade the beast a lot which I call GBPNZD. That has a shocking spread size but you can still make money using a multiple trade setup. It’s just the cost we pay for trading.
Trading thin liquidity at the boundary of the charts
  • #90,016
  • Aug 26, 2018 3:07pm Aug 26, 2018 3:07pm
I see 3 weeks to make 800 ticks I guess not trading 10 a pip. I do between 700 to 800 ticks a month but 10 a pip same result pip wise not dollar size but then your stops would be huge compared to mine thats why i can't trade long term to much risk for me. In and out that's how I like it
  • #90,017
  • Aug 26, 2018 4:32pm Aug 26, 2018 4:32pm
Quoting lddd
{quote} I don't know what makes you so stupid, but it really works or as the song goes...
Really? If you think he is stupid you do nothing but draw attention to your own inadequacies.

Not that would concern you, clearly.
'in less than half an hour he made over 100 ticks'
  • #90,018
  • Aug 26, 2018 7:28pm Aug 26, 2018 7:28pm
Quoting Slingshots1
{quote} HELLO Emmanuel please kindly help me do you have the updated version of TMS DASH1.01 and TMS MONITOR to please share the one i downloaded is not displaying i have to search for someone in year 2018 who has used it before so thats why .Pls assist

Please goto and ask in the thread by arbinka

https://www.forexfactory.com/showthread.php?t=303347
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,019
  • Aug 27, 2018 12:47am Aug 27, 2018 12:47am
Quoting Divergence
Do you think these guys traded forex with oanda fxcm etc they traded through banks. Look I shared maybe not for you and you mini mini forex acct but for who ever hasn't done the due diligence
Please, we dont care if i trading with bank,what i know i trade via broker and they paid if i withdraw my money.it doesnt matter where you trading.forex,futures, shares.as long i make profit and i get paid, i dont care anything else
  • #90,020
  • Edited 1:05am Aug 27, 2018 12:51am | Edited 1:05am
Quoting Divergence
I see 3 weeks to make 800 ticks I guess not trading 10 a pip. I do between 700 to 800 ticks a month but 10 a pip same result pip wise not dollar size but then your stops would be huge compared to mine thats why i can't trade long term to much risk for me. In and out that's how I like it
Hi Divergence

Its all about risk reward when you trade long term. After the first 100 pips, you can't lose. I start to build with with the same Lot size with my stop loss floating at the average price for all trades plus 0.5(ADR100) per number of trades. Its a different take to Emmanuel's MEME system. I can't lose money now but I can lose some good profits if price reverses quickly. But as I have no risk of losing money, its stress free. That doesn't mean you find good long setups every week but there would be 3 - 4 a month which is all I am looking for.
This way a 300 pip move would equal 600- 800 pips profit minus trading costs which may be 50 pips due to spreads etc.. Spreads eat into profits I agree but as long as I stay well on the profit side, who cares.
But this is not the point of my post tonight. You have stated that you can't trade Forex for a living but need to move on to products like Futures.
We almost agree here but I have a different take with your statement.

YOU CAN'T TRADE FOREX FOR A LIVING UNLESS YOU TRADE WITH ALGO's / EA's.

I believe you can become quite profitable trading Forex manually but you need to win a lot of pips to offset the losses you get trading on retail platforms to be able to live of those profits. There isn't enough time in the day to win enough pips minus the 35-45% pip loses we all get trading on retail platforms that act like casinos.
We are all too emotional (well there may be a few traders set in stone) and I certainly know I can't follow a trading plan 100% for 24 hours a day.

I also believe many traders get fixed in their head that just one Forex strategy will win enough pips to be able to trade for a living, that's just rubbish in my eyes.
Let me prove it tonight.
I have attached a graph from a trader buddy of mind within a small group of coders I work alongside. I was discussing the results last week with him and had this graph on my laptop so here it is.

On the graph are the results from 4 weeks in July of from strategy's been run totally by EA's trading up to 20 FOREX pairs.
The strategy's that were run were - Reversal (2) / Breakout / Trending / Inside bar breakout / HA trend.
HA trend is the breakout strategy Emmanuel talks about using Smoothen Moving Averages high & Low. This one is new to his system where we worked together to set the basic parameters.

So the pips won here for the 4 week period were 7633 trading only Forex.
Its interesting to see the average pip win was only between 5 - 18 pips per trade.
Show me a manual trader that can win that many pips a month.
Why would you bother trying to win that many pips. Why not just find 10 minutes a day to just check your systems are working correctly.

Yesterday my trading day involved arguing with VEEDX and having lunch up at the Timberline Lodge up the top of Mt Hood in the fresh air.
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Trading thin liquidity at the boundary of the charts
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