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Trading Made Simple

  • #90,201
  • Aug 29, 2018 8:19pm Aug 29, 2018 8:19pm
DE30 Aug 30 H4 trade example with Entry Price, initial Stop Loss for Position Sizing and Target Profit.

Considering the current week swing high as resistance, this may not look attractive for a R:R 1:1 trade for SE/SE.

Next thing is to look in lower timeframe H1 to see if we can get a better entry as intraday trader.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Aug 30 H4 Buy EP SL TP example.png Size: 71 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,202
  • Aug 29, 2018 8:19pm Aug 29, 2018 8:19pm
Quoting Chenzo25
{quote} Manny... you're a Loser...
I thought you weren’t going to post here any more Mr “I loss 50 thousand dollars trading forex Chenzo”.
Your words not mine.
Trading thin liquidity at the boundary of the charts
  • #90,203
  • Aug 29, 2018 9:09pm Aug 29, 2018 9:09pm
Market will move quite a bit in the London Session.
  • #90,204
  • Aug 29, 2018 9:20pm Aug 29, 2018 9:20pm
Quoting RickM
{quote} I thought you weren’t going to post here any more Mr “I loss 50 thousand dollars trading forex Chenzo”. Your words not mine.
im ready to follow this drama.
Profit growth tells you the trader ability.
  • #90,205
  • Edited 10:46pm Aug 29, 2018 10:20pm | Edited 10:46pm
and
Quoting RickM
{quote} I thought you weren’t going to post here any more Mr “I loss 50 thousand dollars trading forex Chenzo”. Your words not mine.
Glad you can read Mr. EA… don't need to be reminded of what I said. I know what I wrote... Only ignorant people such as your self and Manny need to be reminded.

I did lose 50k... That was over years of trading... Made it back and more. Not many can say that.

IM not a forex god like Manny claims to be. Like I said, I'm a business owner. Damn good at what I do also. Have 2 of the best places in my town and more to open. IM all over Google and meet sports celebrities all the time. No big deal

I trade Forex because I've always liked it. Its fun and keeps my brain active. In a way I like to gamble. Forex for me no matter how you look at it is gambling. I don't look at Forex as a way to retire nor do I even need to trade. My Business will do that for me.

I just cant stand people who BS all the time. That's what Manny does. He doesn't show any proof of anything. He just lies and lies for years. Hes full of it.

You see its like me telling my employees what to do and how to do it but I don't show them exactly how to do it. They will think I Don't know crap. IM a hands on owner. When you come in you do it my way and I show exactly how. We are now a team and we work as a unit.

I am where I am in life because I'm aggressive and I don't let BS run by me. I fire and hire all the time. My reputation around town with people who are in my industry know there is no faking it when you walk through my doors. I will see within the first 5 minutes if you know what you're doing. That's why My "spots" are the best!

50k Rick.... its really nothing to me... But we are not talking about me. Its about Manny the D bag liar.

Im sure Manny will read this and try to pick it apart. Say something like sure or whatever and think im lying.

Show your accounts of success for your years of trading. Show your live trades daily. Your TP and SL so your followers know when you lose and ill give you my name and business name. We will see who the liar is. Ill even post a video of my places with me and guests who take pix with me

Nothing to hide here. Will only make me more famous
You will learn the most from your losing Trades
  • #90,206
  • Edited 1:30am Aug 30, 2018 1:17am | Edited 1:30am
Quoting emmanuel7788
{quote} @Tekkies, You asked what happened? I made a post early when Aug 29 day open and the trade bias was buy looking at the D1 chart. see my post #90,168. {quote} Following the D1 chart trade bias and using the Average Price Bar, one can trade buy positions using MEME. For the day traders traders trading with Single Entry / Single Exit, buy trades are 'safer' and they can look for Low Risk trade ideas and benefit from trades that has the potential to run into a higher...
Quoting emmanuel7788
{quote} DE30 H1 looks ugly for the last H1 buyers. It willnot make higher high higher low and higher CLOSE. End Game! Simple deicsion cut the trade and take a small loss. Walk away and don't look back after cut loss. {image}
Trying again to weasel out a post going wrong.
You told members to close buy orders using Price Action.
Don't try and predict where price will go.
  • #90,207
  • Aug 30, 2018 1:38am Aug 30, 2018 1:38am
Quoting Pip-Miner
Off to my other job in a large financial institution, guess what I'm working on those algos that take your money, the machine learning and human pattern matching - watch out

Please go to your other job. We small time traders will be very safe. You made one mistake on one Sell order going bad. How many mistakes are you going to make in algo with thousand lines of coding?
  • #90,208
  • Aug 30, 2018 1:44am Aug 30, 2018 1:44am
Quoting emmanuel7788
{quote} @Chenzo25, and that makes two - YOU and I. We can keep each other company in this real world of retail spot forex trading.. But I am a HAPPY loser. Do you know why?
Because you care more for spamming than trading?
'in less than half an hour he made over 100 ticks'
  • #90,209
  • Aug 30, 2018 2:09am Aug 30, 2018 2:09am
Quoting Chenzo25
and {quote} Glad you can read Mr. EA… don't need to be reminded of what I said. I know what I wrote... Only ignorant people such as your self and Manny need to be reminded. I did lose 50k... That was over years of trading... Made it back and more. Not many can say that. IM not a forex god like Manny claims to be. Like I said, I'm a business owner. Damn good at what I do also. Have 2 of the best places in my town and more to open. IM all over Google and meet sports celebrities all the time. No big deal I trade Forex because I've always liked it....
Hi Chenzo
No Chenzo it does not work that way.
When a man say he won't post no more in a thread then he must follow and do what he said.
----
ea: You say to a customer I wil do "xxxxxxxxx" and you do "yyyyyyyyy" or "xyxyxyxyxyx" how fast will the fact spread that you can not be trusted.
----
That said. I also posted I will not respond to what get's posted. There is no "but". but when you see someone deliberately post misleading post's, you have to break your woord. I understand your reasoning.
"The only thing necessary for the triumph of evil is for good men to do nothing."
  • #90,210
  • Aug 30, 2018 3:18am Aug 30, 2018 3:18am
Quoting Tekkies
{quote} Hi Chenzo No Chenzo it does not work that way. When a man say he won't post no more in a thread then he must follow and do what he said. ---- ea: You say to a customer I wil do "xxxxxxxxx" and you do "yyyyyyyyy" or "xyxyxyxyxyx" how fast will the fact spread that you can not be trusted. ---- That said. I also posted I will not respond to what get's posted. There is no "but". but when you see someone deliberately post misleading post's, you have to break your woord. I understand your reasoning. "The only thing necessary for the...
"The only thing necessary for the triumph of evil is for good men to do nothing."

Very well put, written all over history.
'in less than half an hour he made over 100 ticks'
  • #90,211
  • Aug 30, 2018 3:59am Aug 30, 2018 3:59am
Having a bad day trading?

Cheer up, your bad day will come to end at midnight.

Be HAPPY!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,212
  • Aug 30, 2018 4:14am Aug 30, 2018 4:14am
I find Emmanuel and Tekkis post very helpful. I learn alot in how both of them analysis charts. No one can be 100% correct. The people learning TMS have to choose what's good in their post, take the best and fit into their own plans, very likely most people trades TMS differently. Alot of time is wasted on arguing and it likely will continue year after year. Why not emmanuel and tekkis creates their own thread?
  • #90,213
  • Aug 30, 2018 4:16am Aug 30, 2018 4:16am
Quoting emmanuel7788
DE30 Aug 30 H4 trade example with Entry Price, initial Stop Loss for Position Sizing and Target Profit. Considering the current week swing high as resistance, this may not look attractive for a R:R 1:1 trade for SE/SE. Next thing is to look in lower timeframe H1 to see if we can get a better entry as intraday trader. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Aug 30 H4 take the loss and read p495.png Size: 64 KB


If you had taken that trade despite knowing the risks, it hit your initial SL. That is one R loss no matter how many pips loss. Learn to use %risk and do your trade Position Sizing.

Big E took losses too. Read his post 495, he suffer 2 losses out of 14 to 16 trades.

Have you achieved 60% win rate?
How many months of trading for you to achieve that?
How many trades completed to achieve that 60% win rate?
What about consistency, have you been consistent for 3 years?

Attached Image (click to enlarge)
Click to Enlarge Name: Big E post 495 lose 2 out of 14 to 16 trades.png Size: 137 KB

Quoting eelfranz
Guys.... My point is lets keep the thread clean... If you see a post for someone looking for something or a different way you trade it... no problem but please PM them alone... thanks... Lets build this so we can help as many traders as possible because they all have money and time invested and they need to make money for their efforts. Starting out you should be 60-65% successful. Within 1 to two months you should be 70-80% successful.. IF... you follow the simple rules and simple exits... 3-6 months... 85% successful. Don't complicate it... keep...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,214
  • Aug 30, 2018 4:31am Aug 30, 2018 4:31am
Quoting emmanuel7788
{quote} {image} If you had taken that trade despite knowing the risks, it hit your initial SL.





There goes the presenter.

Let me add one very important tip for all the newbies following you: If it turns night in you location, reach for the roomlight otherwise you will not see much.
Newbies be warned of emmanuel7788. Hes not true.
  • #90,215
  • Aug 30, 2018 4:43am Aug 30, 2018 4:43am
Quoting mi5mi6
I find Emmanuel and Tekkis post very helpful. I learn alot in how both of them analysis charts. No one can be 100% correct. The people learning TMS have to choose what's good in their post, take the best and fit into their own plans, very likely most people trades TMS differently. Alot of time is wasted on arguing and it likely will continue year after year. Why not emmanuel and tekkis creates their own thread?
The arguments exist because emmanuel7788 contradicts himself on a daily basis, and he spams the thread with his opinions. Those 2 things are factual, real and exist today.

How can you fit anything he says into a plan if it changes like the wind? It creates confusion and demonstrates a lack of focus and consistency.
'in less than half an hour he made over 100 ticks'
  • #90,216
  • Edited 5:53am Aug 30, 2018 5:02am | Edited 5:53am
Quoting mi5mi6
I find Emmanuel and Tekkis post very helpful. I learn alot in how both of them analysis charts. No one can be 100% correct. The people learning TMS have to choose what's good in their post, take the best and fit into their own plans, very likely most people trades TMS differently. Alot of time is wasted on arguing and it likely will continue year after year. Why not emmanuel and tekkis creates their own thread?
- To much work.
Jeeesh Now that will be very unpleasant. Every troll in FF will have a swipe at me. David ban about 250 member's wonder how many bright sparks will endup on my ban list.
Rather post here. If a member benefit from a post - good.
Here is another one for you
M15:
- green angle above 1 (momentum strong, lot's of buyers). Angle is excellent, only now you spend time with post#647 otherwise you wait.
- below level 32 ( trend might shoot up or stay awhile below 32 and go further down)
- S/R level (look left at 25 / 26 Aug is a small cluster of small candels indicate confusment about direction. Trend can go anyway)
- Bars. Not much information on that - only that they are very big
- Wicks. Both sides same size. The same storie buyers / sellers agree and who is going to break that agreement. That is way I put a tight BE + pips on
H1
- green angle flat (time of photo) now it is above 1
The rest is the same as M15
If you want look at the candle. Don't know what you call them. Both chart's are showing "double bottom" or "inside bar" Both have wick's that is long at the bottom,
knowing names of pattern's is not important. What is important is that you recognize them and understand how to use that information they display.
M15 red bar is a "hammer" or something.
Attached Image (click to enlarge)
Click to Enlarge Name: areyou.PNG Size: 35 KB

Well this one did work out just fine
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  • #90,217
  • Aug 30, 2018 6:58am Aug 30, 2018 6:58am
Quoting mi5mi6
I find Emmanuel and Tekkis post very helpful. I learn alot in how both of them analysis charts. No one can be 100% correct. The people learning TMS have to choose what's good in their post, take the best and fit into their own plans, very likely most people trades TMS differently. Alot of time is wasted on arguing and it likely will continue year after year. Why not emmanuel and tekkis creates their own thread?
"The only thing necessary for the triumph of evil is for good men to do nothing."

'good men' ... LOL.

Attached Image (click to enlarge)
Click to Enlarge Name: Confounds good and evil.png Size: 1.4 MB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,218
  • Aug 30, 2018 7:18am Aug 30, 2018 7:18am
Quoting emmanuel7788
{quote} "The only thing necessary for the triumph of evil is for good men to do nothing." 'good men' ... LOL. {image}
I'd have thought the word 'confound' would be etched into your DNA.
'in less than half an hour he made over 100 ticks'
  • #90,219
  • Aug 30, 2018 7:56am Aug 30, 2018 7:56am
Quoting emmanuel7788
{quote} "The only thing necessary for the triumph of evil is for good men to do nothing." 'good men' ... LOL. {image}
"The only thing necessary for the triumph of evil is for good men to do nothing." - Edmund Burke
Care to explain why you find "good men" amusing?
  • #90,220
  • Aug 30, 2018 8:01am Aug 30, 2018 8:01am
Quoting mi5mi6
I find Emmanuel and Tekkis post very helpful. I learn alot in how both of them analysis charts. No one can be 100% correct. The people learning TMS have to choose what's good in their post, take the best and fit into their own plans, very likely most people trades TMS differently. Alot of time is wasted on arguing and it likely will continue year after year. Why not emmanuel and tekkis creates their own thread?
Keep on doing the same everyday.
Keep applying the same rules everyday.
Yes, you will have losses.
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