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Trading Made Simple

  • #91,321
  • Sep 26, 2018 12:31pm Sep 26, 2018 12:31pm
Quoting Divergence
{quote} well if your taking 1hr chart to signal trade there is no need of 15 min chart why do i bother your a hobby demo trader carry on
All of his trades for the past months were placed at 0.10

He's been banking so many pips and crushing it that he's now trading 5 lots!! IM doing something wrong...

Done for today. Going to enjoy pool, beers and life.
You will learn the most from your losing Trades
  • #91,322
  • Sep 26, 2018 12:44pm Sep 26, 2018 12:44pm
Quoting Divergence
{quote} well if your taking 1hr chart to signal trade there is no need of 15 min chart why do i bother your a hobby demo trader carry on
You are a hobby trader too. So am I. If you do not have a series 7 AND have traded for a bank, then you are an amateur. Nothing wrong with that. I find it amusing that just because a hobby pays the bills then suddenly they are professionals.
If you are good at something, never do it for free--Joker
  • #91,323
  • Sep 26, 2018 12:51pm Sep 26, 2018 12:51pm
Quoting jmn5611
{quote} You are a hobby trader too. So am I. If you do not have a series 7 AND have traded for a bank, then you are an amateur. Nothing wrong with that. I find it amusing that just because a hobby pays the bills then suddenly they are professionals.
Argue with the labels all you like. The facts are that he has a record of consistency.

Just sayin
'in less than half an hour he made over 100 ticks'
  • #91,324
  • Sep 26, 2018 12:59pm Sep 26, 2018 12:59pm
Quoting jmn5611
{quote} Maybe you should stick with what you already know and let this trading thing go. You already have one fortune, is that not enough?
Well i am interested in and see trading more like another income stream and try to improve in it just like with any other business.

So your help is very much welcome but I am old enough to make my own decision what I want to let go and what not but thanks.
  • #91,325
  • Sep 26, 2018 12:59pm Sep 26, 2018 12:59pm
Quoting jmn5611
{quote} You are a hobby trader too. So am I. If you do not have a series 7 AND have traded for a bank, then you are an amateur. Nothing wrong with that. I find it amusing that just because a hobby pays the bills then suddenly they are professionals.
Having a series 7 means you can trade other people's money. Let me ask this question a doctor,truck driver are they doing it as a hobby or to make a living? Both of those are professionals and so am I as I trade for a living.
  • #91,326
  • Sep 26, 2018 1:35pm Sep 26, 2018 1:35pm
Quoting Divergence
{quote} Having a series 7 means you can trade other people's money. Let me ask this question a doctor,truck driver are they doing it as a hobby or to make a living? Both of those are professionals and so am I as I trade for a living.
Like Emm you think because you trade for a living you can flap your lips. You, Emm, Chenzo are alike. All members in FF does not know how to trade at all, only the three of you do know how. Small lot size make you a hobby trader, and any method used that does not adhere to your method is a losing non profitable method. What a sad world you live in to have a mindset like that.
  • #91,327
  • Sep 26, 2018 1:41pm Sep 26, 2018 1:41pm
I am sure there are others in the forum who trade for a living just none of them are trading green cross red even as I wrote that I can't stop laughing
  • #91,328
  • Edited 2:19pm Sep 26, 2018 1:52pm | Edited 2:19pm
Quoting jmn5611
{quote} You are a hobby trader too. So am I. If you do not have a series 7 AND have traded for a bank, then you are an amateur. Nothing wrong with that. I find it amusing that just because a hobby pays the bills then suddenly they are professionals.
„A professional is a member of a profession or any person who earns their living from a specified professional activity“

source: Wikipedia

If my opinion you don’t have to be worked for a bank to be counted as a professional trader. Actually what such „professional bank traders“ do day in day out is managing risk for the banks clients and doing some nice looking excel sheets instead of really trading like me or anyone else directly joined into the retail world of trading. Also they don’t trade their own money so this is a complete different thing. I would have more trust in a „professional“ never worked in a bank trading successfully his own money instead of the banks or the banks clients ones.

You not even get paid for it well anymore and all the bonuses used to be paid have drastically dropped and the chance you make all the way up to senior partner or any level in such corporate you could really say „now I am bleeding money“ are somewhere to zero. Reality is most not even able to survive 2 years of being a full time associate where you get paid in the investment bank something like 150k before tax? Well where can you live from that? Maybe in the jungle... All you get is a nice looking business card you can tell your friends „look what professional I am“ but you never risk your own money and still the ATM is giving you a big fuck zero by the end of the month.

So I would call a person a much more professional directly started trading his own money and now sitting in a comfort zone able to make a living from his retail trading no matter if this person trading from home, sharing some office with other traders or sitting at the beach, as long such person doing well so so constantly, again constantly doing well with what ever he is doing, that’s a professional in my eyes.
  • #91,329
  • Edited 2:18pm Sep 26, 2018 1:53pm | Edited 2:18pm
Quoting Divergence
{quote} Having a series 7 means you can trade other people's money. Let me ask this question a doctor,truck driver are they doing it as a hobby or to make a living? Both of those are professionals and so am I as I trade for a living.
A truck driver has a CDL (Commercial Drivers LICENSE), a doctor is licensed by the AMA to practice in their state. You are licensed by no one. You are a hobby trader. Your hobby may pay your bills, but it is still a hobby.
If you are good at something, never do it for free--Joker
  • #91,330
  • Sep 26, 2018 1:56pm Sep 26, 2018 1:56pm
Professionals?

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'in less than half an hour he made over 100 ticks'
  • #91,331
  • Sep 26, 2018 1:56pm Sep 26, 2018 1:56pm
Quoting lddd
source: Wikipedia
You can pretty much stop right there.

Quoting onejester
Professionals? {image} {image}
Yes, they are professionals if they are licensed to trade OPM. Are they good at what they do? That is a different topic. Amateurs do have some distinct advantages.

Quoting lddd
{quote} Well i am interested in and see trading more like another income stream and try to improve in it just like with any other business. So your help is very much welcome but I am old enough to make my own decision what I want to let go and what not but thanks.
Of course you are old enough to make your own decisions. But, it is becoming clear that you cannot read a naked chart. If you cannot do this you cannot trade this method. Eric was a PA trader who was trying to simplify things. You are asking questions like "what is consolidation", "how you do not take signals when the market is in consolidation".

This is basic stuff. You need to know how to recognize trending vs. ranging.

Quoting onejester
{quote} Argue with the labels all you like. The facts are that he has a record of consistency. Just sayin
And I am happy for him. He is a logical PA trader. But he is not a professional.
If you are good at something, never do it for free--Joker
  • #91,332
  • Edited 2:24pm Sep 26, 2018 2:04pm | Edited 2:24pm
Quoting Divergence
I am sure there are others in the forum who trade for a living just none of them are trading green cross red even as I wrote that I can't stop laughing
True, and they are vastly different then you. They don't go around bragging about it, posting in threads other then their own, try to start popcorn fight's.

Actually Div you can post what you want. Does not matter one bit. Green cross Red work's for me and that means BigE has set one newbie to become a better trader then what he was many months ago.

Here is one more crossover. Not going to take it. Sleeping time is one reason. Second reason tomorrow there will be more to pick from.
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Edit:
Iddd in case you ask for more reasons:
- H1 green flat.
- H1 Stoch going up.
- Toko, Sydney is a flat market
- Bar's have no direction. Green and red bar's are the same size.
- Wick's, long both side of the bar. They show sellers and buyers are fighting for direction.
- No short term trend
-
  • #91,333
  • Sep 26, 2018 2:21pm Sep 26, 2018 2:21pm
Listen tekkies I am not bragging just don't want newbies to get caught in this mouse trap. Just keep doing what your doing if people won't do their own due diligence I won't do it for them. I Will not disturb you guys anymore.
  • #91,334
  • Sep 26, 2018 2:32pm Sep 26, 2018 2:32pm
Quoting jmn5611
{quote} You can pretty much stop right there. {quote} Yes, they are professionals if they are licensed to trade OPM. Are they good at what they do? That is a different topic. Amateurs do have some distinct advantages. {quote} Of course you are old enough to make your own decisions. But, it is becoming clear that you cannot read a naked chart. If you cannot do this you cannot trade this method. Eric was a PA trader who was trying to simplify things. You are asking questions like "what is consolidation", "how you do not take signals when the market...
Yes you are right. I am still in the process of learning all these basics.
  • #91,335
  • Sep 26, 2018 2:34pm Sep 26, 2018 2:34pm
Quoting Divergence
Listen tekkies I am not bragging just don't want newbies to get caught in this mouse trap. Just keep doing what your doing if people won't do their own due diligence I won't do it for them. I Will not disturb you guys anymore.
Are you a man of your word? Sorry mean man of your post?
Does this mean you will not ever again post in this thread or are you going to backtrack on "Will not disturb you guys anymore"
Only time will tell.
  • #91,336
  • Sep 26, 2018 2:37pm Sep 26, 2018 2:37pm
Quoting Tekkies
{quote} There is no difference between what you and Chenzo post. Trying to provoke popcorn fight's. Typical troll mentality.
man, stop heating up situation. it'd be better you guy get on track with this masterpiece technique
Profit growth tells you the trader ability.
  • #91,337
  • Sep 26, 2018 4:01pm Sep 26, 2018 4:01pm
Quoting Divergence
Listen tekkies I am not bragging just don't want newbies to get caught in this mouse trap. Just keep doing what your doing if people won't do their own due diligence I won't do it for them. I Will not disturb you guys anymore.
That would be a shame.

Isn't it clear that most of the posters here are writers paid to keep this sack of shit thread going.

No results, standard answers. If real newbies turn up at least they'll have a chance to avoid getting sucked in.

Imho, any traders who have a consistent method should be welcome to post here. Especially if the method is simple.
'in less than half an hour he made over 100 ticks'
  • #91,338
  • Sep 26, 2018 4:13pm Sep 26, 2018 4:13pm
Quoting Divergence
I am sure there are others in the forum who trade for a living just none of them are trading green cross red even as I wrote that I can't stop laughing
100%
Trading thin liquidity at the boundary of the charts
  • #91,339
  • Sep 26, 2018 5:26pm Sep 26, 2018 5:26pm
@Tekkies, maybe the TMS Alert indicators i tried so far feels beeing "late" "fail" "lagg" to me because i use them on HA candlestick charts?

Also is there a way to get around the problematic of Heiken Ashi candlesticks in some situations not showing the real current price on MT4 which could be another problem?

I canīt find much information BigE gave here about HA candlestick charts, why he used them and how to use them properly. I guess he considered this to be part of "the basics" and i have to do find out myself. Well i will do this.

So i guess he just used them to filter out some false changes in trending situations he entered where price just retraced for a couple of pips that would otherwise made him exit here instead of leaving the trade run? Did he ever confirmed that or you know about some posts he talked about here you could point to? You are much longer to this topic than me, oh any anyone else please feel free to give a reply here too

I like the HA and the advantages they provide but maybe its not the right weapon here if you want to place the order at best/accurate real value of price after you got the TDI cross over signal.

For H4 its probably not a big deal to miss out some pips here and there, but for day trading this strategy where entries are probably much more important over exits and where every single pip hurts beeing late or wrong somehow it is a real deal.
  • #91,340
  • Sep 26, 2018 5:50pm Sep 26, 2018 5:50pm
Quoting lddd
@Tekkies, maybe the TMS Alert indicators i tried so far feels beeing "late" "fail" "lagg" to me because i use them on HA candlestick charts? Also is there a way to get around the problematic of Heiken Ashi candlesticks in some situations not showing the real current price on MT4 which could be another problem? I canīt find much information BigE gave here about HA candlestick charts, why he used them and how to use them properly. I guess he considered this to be part of "the basics" and i have to do find out myself. Well i will do this. So i guess...
You will learn the most from your losing Trades
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