Trading Made Simple

There is no such thing as a poor entry. The best entry is the overall average entry price and that is the beauty in using the Average Price Bar or Heiken Ashi candles.

Big E said in Post#1,
I learn to allocate my trading capital to trade multiple pairs as a pool. This is a way I have leverage as my money management strategy. This also key in the mental strategy in managing system drawdown. Like I said, I don't aim for 80% win rate. My win rate of 60% to 65% with positive Expectancy is what matters more.

It doesn't matter which way the excuses are sliced up,

Newbies sell into support......end of!

[quote=lddd;11497512]{quote}/quote]
What do you want from me?
Must I show you how to analyze a chart? I can't do that. It took me many month's just to understand what BigE is posting about, many more to apply it to chart correctly, even now I do that wrong.
Iddd you want what I am not able to show you or explain to you in a post.
If you ask me why this trade went into profit my response will be:
- Green angle below 5 (strong momentum): https://tradingstrategyguides.com/be...ding-strategy/
- Two long wick's at the top: http://www.learntotradethemarket.com...ing-definition
- Resistance level at top: http://swing-trading-strategies.com/...rading-system/
- Long bar: http://www.daytradingcoach.com/candl...ilyredbull.htm
- Stoch is moving out of overbought zone: https://www.luckscout.com/stochastic-oscillator/
- Green is moving out of overbought zone: http://www.humbletraders.com/rsi-ind...ding-strategy/
(only picked what google showed - there are better explanations then above)

It doesn´t tell A SHIT! That will depend on how you look at it now does it not?

Edit:
Cherry pick entry's? Yes, you are right about that. I do cherry pick my entry's. It make no sense at all not to do that. Why must you be in the market all the time?
If a crossover does not meet ALL the checkpoint's mentioned by BigE you don't enter a trade.
Why did this trade went into profit?
Look at the angle. Almost at 5-30. Every chart that use BigE's TMS method will always have the same reasons for entry's. Learn to recognize them
Good for a fast few scalping pips. Closed the trade and wait for the next crossover. You can't do that then this method is not for you or learn on your own to make it work for you on H4 / D1 timeframe

Read this post by Bobbi, then try and apply it to your way of trading. Use some or all of that advice: Post 491
In our business we are 100% mercenary. We produce nothing. We provide no service to others. Our only goal is to preserve and hopefully increase our capital. That's it. That's our job. Problems usually arise because of stress caused by trading decisions we've made. 9 times out of 10 the stress is caused either because we made a wrong assumption, for whatever reason, and / or, we over-exposed our position. This usually happens because we want to accelerate the rate of profit or cover losses produced because of an error in judgement. Some accelerated profit may indeed occur, but with it usually also comes accelerated losses.

!) Trade what you see, not what you think. If the signals say get out, then get out. If they say stay, then stay. What you think is not important. If you don't trust the signals, find some you do trust. Until that happens you will be making arbitrary decisions based on your opinion alone and you may as well just trade with a naked chart with no signals. What good are the signals if you're going to ignore them anyway? Does that make sense? The signals and rules are there to help minimize the thinking process and lessen our stress. If you feel strongly that the signals may be wrong, stand aside. Don't bet the farm on an assumption.

2) Reduce your exposure to a level where, when you do lose, it's no big deal. I've seen hundreds of formulas, percentages, complex mathematical equations, different percentages according to astrological signs and planetary movements (You probably think I'm joking. I'm not.), etc. For myself I use a simple system that I learned from a veteran Forex trader that I respect. For every 1000 units of currency in my account, I may trade using 1 mini-lot. If you have 100 units of currency in your account, you can trade 1 micro-lot. The other rule he instilled in me is to not have more than 2 active trades in progress at any one time. I am sure other traders have their own plans for managing risk. There is no correct answer because only you know what you want done with your money.

3) Finally, be grateful for profit. Be happy with "some". Embrace "some". Learn to love "some". There is a fine line between jumping off too early and staying too long. Wanting the maximum pips available and fear of losing capital are natural. But it takes time and experience to rid ourselves of fears. So you took profit early. So what? Who died? Nobody. What did you lose? Not a thing. Somebody else got more? That's not fair. Oh, just stop it. Try and make better assessments of your exits in the future. You got "some". You're still alive. Your trading account, and your business, are still intact. Life is good. Stop the, "The grass is greener over there." stuff. Get in the habit of not comparing yourself to others. It'll drive you crazy.

If you're not happy with your decisions only you can change your decision making process. That will take you being more confident in your plan. Trading shouldn't feel like Russian Roulette. I'll tell you this though, and I say it with full confidence. With our signals, and with sound MM, IF the rules are followed, we shouldn't be losing more than 6-7 pips on losing trades. 10 pips loss is a lot. Most losses should be in the "OK, I only lost maybe the spread, so I'm good." range. And when it comes time for the big one, we are there.

I sincerely wish I could just tap out a text message here that would be the answer to everyone's financial dreams, and that would be it. Whether you understand it now, or not, the truth is , it's "you". The answer is always "you".
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Can only show you so much Iddd, the understanding of what is showed have to come from within you. I can help you with that.

Sorry "the holy GRAIL" !

USDCAD H4 update,

that H4 close flat and price remains in consolidation so we do not have setup to trade.



Post#647 : do not trade when in consolidation area.

holy grail trading systems do exist, but you cannot define them using profit factor, nor win rate, nor drawdown, etc.

read this article by Thom Hartle.

Hi, Emmanuel, which is that indicator you are using to measure ENTRY and TP1 -TP3

From the chart the area of support is probably lower down and Emm took a short at or near that low of which it's being tested..Whether that acts as support only time will tell, so it's not a case of selling into support as price has not tested that level since it was printed on the 22 May 2016..let's see how it works out for him before bashing his entry

Selling at this point is foolish, and it's irresponsible to post it as a 'teacher'. There are other pairs that are offering much better trades that risking selling at this point. It's that simple.

Second Key to Forex System Development:



https://www.axitrader.com/au/market-...ries-and-exits

First Key posted ealier today.

https://www.forexfactory.com/showthr...1#post11498511

the PRZ is much lower and support is never one single line price. It is a zone or range. The same when traders use Supply and Demand zones.

any way I look at the Market Type when I trade and not blindly follow one line of support and/or resistance.

Of course it's not a single line..you need to see more than just a candle...what I see is the "location".Good luck with your trade anyway

I do agree there are far better trades to take

You know, over the years I have sold into historical support *areas* as well....and paid the price. However, I have always put up my hand and admitted my mistake and learned from it. I haven't ever wriggled and squirmed and made all sorts of excuses as to why I'm right and everyone else is wrong.....I have admitted my mistake, learned from it and moved on.

Thank you.

You are the second person to bless me with Good luck so I thank you.

Trading with OPM now...

I don't trade h4 only. I trade all TF unlike you. My lot size changes all the time depending on what I see. That's why pips don't matter to me. I can at times make 20 pips and make more money than most here who are going for 80 pips.

Concept of professional traders? Neither do you. Look what thread your own and who your following. Look at your charts! Professional traders don't trade with HA candles.

You forget im not a professional trader. IM an average joe who knows how to trade.

Yeah right, we believe you.
Remarkable is that you like to brag with how much profit you make. You can't post enough of that.
% (profit or loss) = pips (profit or loss). The two sort of go hand in hand together.

USDCAD Sep 20 NYOpen

With another 59 mins to this current H4 close, it looks good for TDI Green bounce provided this H4 shows a Lower CLOSE below the Master Candle Low.

But I already jumped in ... with new basket open.

You cant post enough garbage. Cherry pic trades all day and not once have posted about your profit and loss.

Jealousy will eat you up inside. Don't worry one day you will get it.

You don't even know how to trade. You don't even wait for tdi cross. You trade only one pair and your an annoying little .