Trading Made Simple | Page 4502 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #90,021
  • Aug 27, 2018 12:53am Aug 27, 2018 12:53am
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
My trading is collecting 10 pips a day. I only trade one a day. And i happy with it, so why i should i care about other trading? They can get hundred of pips,its their profit.what i care is,how they can get those hundred pips.if they want to teach me, its ok.but if you didnt want to share about your trading and you are in profit, why dont you care about yourself? Its their money,they want to buy cars,houses it doesnt matter for me or to you
  • #90,022
  • Aug 27, 2018 1:01am Aug 27, 2018 1:01am
the ea is just a shield between emotions and the monitor. The mind and the human eye are unbeatable, and when the trader manages the emotions and the money will be nothing for him, then he will do so many that he does not know what to do with it.History teaches
  • #90,023
  • Aug 27, 2018 1:32am Aug 27, 2018 1:32am
Emmanuel or Tekkies,

At what times of day did Big E initiate his H4 trades? I kinda forgot
  • #90,024
  • Aug 27, 2018 1:34am Aug 27, 2018 1:34am
Quoting Rdr
the ea is just a shield between emotions and the monitor. The mind and the human eye are unbeatable, and when the trader manages the emotions and the money will be nothing for him, then he will do so many that he does not know what to do with it.History teaches
Humans need to sleep
Humans fight with their partners then trade like shit
Human get sick and can't focus on trading
Humans have bad days and sometimes can't do anything right
Humans fail to follow trading plans
Humans spend too much time on trading forums and forget to trade
Humans like sex so need a 40 minute break

Tell me when you want me to stop
Trading thin liquidity at the boundary of the charts
  • #90,025
  • Aug 27, 2018 1:47am Aug 27, 2018 1:47am
Quoting Pip-Miner
Ok , will come buy to see your method. Just don't trade currency or I will troll this non stop...
Here you go bigboy
As mentioned same setup:
Attached Image (click to enlarge)
Click to Enlarge Name: gnhgty.PNG Size: 35 KB
  • #90,026
  • Aug 27, 2018 1:59am Aug 27, 2018 1:59am
Quoting RickM
{quote} YOU CAN'T TRADE FOREX FOR A LIVING UNLESS YOU TRADE WITH ALGO's / EA's.
Rick
That is your perception how you see Forex. Turtle Traders did not use Algo / EA. Many other traders will disagree with you.
  • #90,027
  • Aug 27, 2018 2:10am Aug 27, 2018 2:10am
USD/CAD H1 Long

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad-h1-fxopen-investments-inc-2.png Size: 45 KB
  • #90,028
  • Aug 27, 2018 2:19am Aug 27, 2018 2:19am
Quoting kain775
Emmanuel or Tekkies, At what times of day did Big E initiate his H4 trades? I kinda forgot

Its in Post#1 and he used FXDD broker sever time.

Question you need to ask is what was FXDD sever time back in 2010 and if FXDD adjust their server time when daylight saving.

I decide on my trading hours and follow my trading hours and not be dependent on the broker server time. New York 5pm is EOD
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,029
  • Aug 27, 2018 2:19am Aug 27, 2018 2:19am
Quoting kain775
Emmanuel or Tekkies, At what times of day did Big E initiate his H4 trades? I kinda forgot
Kain
Don't even bother to trade with this method. You can not even find the times BigE trade in post#1 printed in red.
When you loss a trade:
- "I kinda forgot" to apply Post#647 before placing a order
  • #90,030
  • Aug 27, 2018 2:21am Aug 27, 2018 2:21am
Quoting lddd
USD/CAD H1 Long {image}

I was thinking of getting in this on m30

currently hoping for a pullback to get in ......but regardless i think it has a good chance of hitting your tp
  • #90,031
  • Aug 27, 2018 2:24am Aug 27, 2018 2:24am
Quoting Tekkies
{quote} Kain Don't even bother to trade with this method. You can not even find the times BigE trade in post#1 printed in red. When you loss a trade: - "I kinda forgot" to apply Post#647 before placing a order

whoops, I knew he mentioned it somewhere in this thread

just didn't realize it was bang smack on post 1
  • #90,032
  • Aug 27, 2018 2:27am Aug 27, 2018 2:27am
Quoting emmanuel7788
{quote} Its in Post#1 and he used FXDD broker sever time. Question you need to ask is what was FXDD sever time back in 2010 and if FXDD adjust their server time when daylight saving. I decide on my trading hours and follow my trading hours and not be dependent on the broker server time. New York 5pm is EOD


thanks
  • #90,033
  • Aug 27, 2018 2:33am Aug 27, 2018 2:33am
Quoting emmanuel7788
{quote} Its in Post#1 and he used FXDD broker sever time. Question you need to ask is what was FXDD sever time back in 2010 and if FXDD adjust their server time when daylight saving. I decide on my trading hours and follow my trading hours and not be dependent on the broker server time. New York 5pm is EOD

I know that on m30 or h1, if you take a trade before midnight pacific .....then when London open occurs at midnight pacific sometimes the London open can ruin your trade and run it strongly in the opposite direction.

can the same thing happen if taking h4 setups though?
Like if I got in a H4 trade at 10PM pacific, and London open hit .....can it still ruin a H4 trade like it can on the smaller timeframes?
  • #90,034
  • Aug 27, 2018 2:49am Aug 27, 2018 2:49am
EURUSD Week 35 Aug 27 H4 potential trade setup with divergence...

H4 not close yet, my H4 has another 2 hours to close.

very aggressive trader would have jump in during this H4 candle... seeing thet 'reversal' candle NFF.

aggressive traders would wait for the setup candle to close below the 5EMA.

conservative traders would wait for a setup candle to close below the 5SMMA PAC.

which type of trader are you?

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 34 Aug 27 H4 potential trade setup.png Size: 69 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,035
  • Aug 27, 2018 2:57am Aug 27, 2018 2:57am
Quoting kain775
{quote} I know that on m30 or h1, if you take a trade before midnight pacific .....then when London open occurs at midnight pacific sometimes the London open can ruin your trade and run it strongly in the opposite direction. can the same thing happen if taking h4 setups though? Like if I got in a H4 trade at 10PM pacific, and London open hit .....can it still ruin a H4 trade like it can on the smaller timeframes?
Hi Kain,

that depends on what type of trader are you.

if you are a short term daytrader, trading timeframes H1 and below would mean you jump in and our or trades withing a short period of 3 to 4 hours and best to trade during a particular market session when there is liquidity.

if you 'scalp' like Big E did, that is why he close his H4 trades at 6am his local time.... usually 1 to 3 candles.

if you are a short swing trader on H4, you have to look for trades that have the potential to run 3 to 8 candles and hit those trades when there is breakout which can run 12 to 15 H4 candle. remember there a 29 H4 candles in one week. so we follow the Weekly and Daily trends.

read up on :

A Low Risk-Idea forms the Basis for a Good Trade

The basis of a great trading system will always be a low-risk trading idea. So, what is this exactly and how can it be defined? There are three main components;

  1. A tight stop (in relation to prior price activity, respective volatility).
  2. A low probability of getting stopped out (before reaching at least break-even).
  3. A strong & extended follow-through towards and beyond target.

...

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,036
  • Aug 27, 2018 3:02am Aug 27, 2018 3:02am
What is a 'reversal' candle?

example below,


is that big or small?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 35 Aug 27 H4 reversal candle.png Size: 25 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,037
  • Aug 27, 2018 3:22am Aug 27, 2018 3:22am
Quoting emmanuel7788
EURUSD Week 35 Aug 27 H4 potential trade setup with divergence... H4 not close yet, my H4 has another 2 hours to close. very aggressive trader would have jump in during this H4 candle... seeing thet 'reversal' candle NFF. aggressive traders would wait for the setup candle to close below the 5EMA. conservative traders would wait for a setup candle to close below the 5SMMA PAC. which type of trader are you? {image}
Not sure on EUR/USD. The Euro seems to gain ground on the Daily/Weekly. The H4 even with divergence, look at the small candle/s.
  • #90,038
  • Edited 4:08am Aug 27, 2018 3:31am | Edited 4:08am
Quoting kain775
{quote} whoops, I knew he mentioned it somewhere in this thread just didn't realize it was bang smack on post 1

Shit happens. Many times S/R level "kinda reminds" me I did not check.
---
Edit:
Read post#11, 270, 293, 949, 1025, 1060, 1065..................
Don't go by what one post is telling you. Above post's will give you more insight what BigE did with those hour's
  • #90,039
  • Aug 27, 2018 4:48am Aug 27, 2018 4:48am
Quoting kain775
{quote} I know that on m30 or h1, if you take a trade before midnight pacific .....then when London open occurs at midnight pacific sometimes the London open can ruin your trade and run it strongly in the opposite direction. can the same thing happen if taking h4 setups though? Like if I got in a H4 trade at 10PM pacific, and London open hit .....can it still ruin a H4 trade like it can on the smaller timeframes?

Hi Kain,

its still the same,

Too much time is being spent on TDI and Stochastics,
Too little time on Price Action and Support/Resistance.
And no time spend on Money Management, Risk Management for entries and exits, When and How to Let Profits Run.
You need to find your WINNING EDGE and the TDI is not in the winning edge equation.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,040
  • Aug 27, 2018 4:58am Aug 27, 2018 4:58am
Very low volatility today. Trade safe.
197 traders viewing now