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Trading Made Simple

  • #91,741
  • Oct 7, 2018 3:24am Oct 7, 2018 3:24am
Quoting robots4me
{quote} The short answer is "No". US forex brokers are regulated by NFA (National Futures Association). One of the regulations imposed by NFA is the maximum available leverage is 50:1. This is by law and there is no getting around it. Most non-US brokers will NOT accept US clients because of the liabilities and penalties imposed by NFA. For this reason most US clients are forced to use a US broker, of which there are only *3*. There are a few non-US brokers who will accept US clients -- but you have to jump through some hoops and there are additional...
Great answer robots. Leverage is not needed to generate a return. What leverage is for is that each valid position that you develop does not need to double to add more positions.
If you are good at something, never do it for free--Joker
  • #91,742
  • Oct 7, 2018 5:15am Oct 7, 2018 5:15am
Some good stuff.

Inserted Video
  • #91,743
  • Edited 5:43am Oct 7, 2018 5:32am | Edited 5:43am
Quoting robots4me
{quote} The short answer is "No". US forex brokers are regulated by NFA (National Futures Association). One of the regulations imposed by NFA is the maximum available leverage is 50:1. This is by law and there is no getting around it. Most non-US brokers will NOT accept US clients because of the liabilities and penalties imposed by NFA. For this reason most US clients are forced to use a US broker, of which there are only *3*. There are a few non-US brokers who will accept US clients -- but you have to jump through some hoops and there are additional...
Couldn´t you just bypass this by registering a company outside the US and apply for a brokers corporate account instead of doing this as a private individual? This way you would probably not even have to pay tax in US right. Not sure how difficult it is for US citizens to do this but here in Europe people doing this all the time. I think its not illegal to setting up a infrastructure like this even if it won´t make your government happy. They will steal your money anways in one or the other way.

Why is the US so strict about leverage here at all? Would like to understand. I mean you are allowed to buy a weapon arsenal to eliminate the whole neighborhood but owning a high leveraged trading account is to much "risk"?
  • #91,744
  • Oct 7, 2018 5:36am Oct 7, 2018 5:36am
Quoting PeterE
I don’t trade daily charts but if I did I would have my eye on this one come Monday. Daily market structure is confidently heading up, as are the Weekly and Monthly TDI. Daily TDI is yet to turn back up, but if you don’t mind getting in on the retrace.... SL 85.90, TP 90.90 . {image}
Hi Peter.

CADJPY D1 Open Oct 01,

Example why we should not trade the TDI blindly.

Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY D1 Week 40 POMO.png Size: 156 KB


Next week caution when wanting to sell on D1...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #91,745
  • Oct 7, 2018 6:10am Oct 7, 2018 6:10am
Quoting PeterE
I don’t trade daily charts but if I did I would have my eye on this one come Monday. Daily market structure is confidently heading up, as are the Weekly and Monthly TDI. Daily TDI is yet to turn back up, but if you don’t mind getting in on the retrace.... SL 85.90, TP 90.90 . {image}
Week 41 Oct 08 to 12,

there are many pairs with established trend/swing to jump in next week... i.e. if you trade long swing on D1.

With Brexit talks with some positive developments, GBP pairs are good pairs to look at.

Looks like October will be a good month to make money.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #91,746
  • Oct 7, 2018 6:28am Oct 7, 2018 6:28am
Quoting Jsajnani
Hey there everyone, Iam only a month old at forex trading and learning very quickly, I have traded stocks before but never forex. I recently joined forex factory and came across this forum and have just been hooked on. This is my first post and I am very keen on learning the TMS strategy. I would like to thank @emmanuel7788 for his Post #77,133 on the introduction, it helped a lot and saved a lot of time. I guess there is no question as a stupaid question so I will just...
Hi Jsanani,

You can look up Fozzy-RSI or ask those members in tradingview users forum.

or try this:

How to create the TDI using the RSI available in other platform: Post#15,546

TDI in mobile Post#71,700
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #91,747
  • Edited 6:45am Oct 7, 2018 6:32am | Edited 6:45am
Quoting emmanuel7788
{quote} Hi Peter. CADJPY D1 Open Oct 01, Example why we should not trade the TDI blindly. {image} Next week caution when wanting to sell on D1...
Hi Emm, your analysis is not clear to me, are you for or against buying CADJPY D1? I remain for!
  • #91,748
  • Oct 7, 2018 6:46am Oct 7, 2018 6:46am
Quoting PeterE
{quote} Hi Emm, are you for or against buying CADJPY D1? I remain for!
Hi Peter,

I don't trade this pair. Only four JPY pairs - USDJPY, AUDJPY, EURJPY and GBPJPY are in my watchlist.

CADJPY: Long Swing.

Plan A: Buy as MN is sideways ranging to the bullish side.

Plan B: Sell when there is correction / reversal. Watch closely the W1 and the overall JPY pairs.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #91,749
  • Oct 7, 2018 7:56am Oct 7, 2018 7:56am
Quoting PeterE
{quote} Hi Emm, your analysis is not clear to me, are you for or against buying CADJPY D1? I remain for!

Hi Peter,

I was just curious how CADJPY would have performed this year so I put it through my strategy tester.

The result is quite good, trading the D1 chart with the PAC and TDI.
I set the initial SL at previous 2 days high/low, with BE set at +50pips and trailing with Jumping Stop 25pips.

Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY D1 back-test Jan 01 to Oct 05 2018.png Size: 71 KB


Kind of fun while I have time to run strategy tester.

Now I have to prepare my trade plans for next week's trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #91,750
  • Oct 7, 2018 9:15am Oct 7, 2018 9:15am
Quoting lddd
Some good stuff. https://www.youtube.com/watch?v=YPQiDuHqxe8
These are commercials for the ITPM trading course, weighing in at 1500US to start. You are taught fundamental analysis along with with a sprinking of basic technical stuff. If you are a rank newbie who does not know the difference between a stock and an option, then it is a place to start. But at 1500 bucks I would think hard about it.
If you are good at something, never do it for free--Joker
  • #91,751
  • Edited 10:12am Oct 7, 2018 9:52am | Edited 10:12am
Quoting jmn5611
{quote} These are commercials for the ITPM trading course, weighing in at 1500US to start. You are taught fundamental analysis along with with a sprinking of basic technical stuff. If you are rank newbie who does not know the between a stock and an option, then it is a place to start. But at 1500 bucks I would think hard about it.
@jmn5611. Well even if its a commercial i think the information given on trading psychology is already worth listening to. The ITPM is doing an excellent job here. At least they not hang around on public forums and try to make people believe unrealistic goals like becoming the next millionaire trader by following the cross of two lines even if you consider to look at all the others pure technical weapons.

I know all this stuff teached here has his price and probably you will find for free online or inside some books. However i think its a great thing, especially for younger people like me to see real traders talking about real things you can actually meet in real life and have a drink, a nice conversation, asking questions without beeing flooded with 99,9% scam shit false information from people never worked in this industry on a professional basis for years.

Also they are real human, with real careers, you can easily verify your self by doing a google search. Where´s BigE´s biography? Nobody knows. And just because a lot of people following a forums topic doesn´t mean a lot in times of fake news and conflict of interest everywhere.

So you are right, their approach also looks to be more beeing focused on fundamentals with little technicals and giving things more room to work out, 1-3 month as some of the mentors of the ITPM told in the recording. Building a portfolio, trading as a business, insides and background information about brokers and other players beeing involved you otherwise won´t have a big chance to find out.

Here, most "traders" are obsessed by their technical chart and holy grail strategies which is fine but maybe the smallest part of all to achieve constant results.
  • #91,752
  • Oct 7, 2018 10:16am Oct 7, 2018 10:16am
Quoting lddd
{quote} @jmn5611. Well even if its a commercial i think the information given on trading psychology is already worth listening to. The ITPM is doing an excellent job here. At least they not hang around on public forums and try to make people believe unrealistic goals like becoming the next millionaire trader by following the cross of two lines even if you consider to look at all the others basics. I know all this stuff teached here has his price and probably you will find for free online or inside some books. But i think it´n an overall great thing,...
Lddd, if you ITPM can get you off the M15 time frame, God knows that would be 1500 well spent. If they can get you to target a rational hold time instead handing your broker money trying to day trade, then that money would be well worth it. I would wonder if you hold the same standard to Anton Kriel by asking for proof of his methods? Good luck with that.

Quoting PeterE
{quote} Hi Emm, your analysis is not clear to me, are you for or against buying CADJPY D1? I remain for!
Trading range activity on that pair over the last 120 trading days. If the present pullback can hold 87.25 then I would agree with this being a long trend opportunity.
If you are good at something, never do it for free--Joker
  • #91,753
  • Oct 7, 2018 10:47am Oct 7, 2018 10:47am
Quoting jmn5611
{quote}I would wonder if you hold the same standard to Anton Kriel by asking for proof of his methods?
He has provably worked in a professional capacity for some of the top financial institutions in the world. This is fact and already speaks for it self so there is no reason to find a proof, proof on what? That the ITPM strategies teached will pay off? I would not want to run out of that. But at least you have a real person you can contact

BigE is not around otherwise i would have already asked him for all my concerns directly and maybe never asked for any proof at all. Maybe not even dropped a single line to this topic. Unfortunately, this is not possible so there is no other way instead of asking stupid "newbie" questions here, i am sorry for that.
  • #91,754
  • Edited 1:55pm Oct 7, 2018 1:12pm | Edited 1:55pm
@jmn5611

Do you use the 'Average True Range' in some way for your trading with the TMS strategy and if so could you explain how you do this? Thanks in advance.
  • #91,755
  • Oct 7, 2018 1:17pm Oct 7, 2018 1:17pm
Quoting lddd
He has provably worked in a professional capacity for some of the top financial institutions in the world
I've interacted with people like that -- they speak about financial instruments, assets, investor portfolios, trading solutions, etc. They are professional speakers and operate at a much higher level than MT4 traders. I wonder whether he has ever attached an indicator to MT4.

There is a difference between people who talk and people who "do". Given the type of questions you ask here, Anton Kriel wouldn't have a clue what you were talking about. jmn5611 has responded to many of your questions and his answers are both instructive and wise. For whatever reason, your brain refuses to digest the free advice. You don't have to follow exactly in his foot steps, but you might consider at least contemplating the words and stop wrestling with the concepts.
  • #91,756
  • Oct 7, 2018 1:42pm Oct 7, 2018 1:42pm
Quoting emmanuel7788
{quote} Hey Rick, I don't think Tekkies understood the concept of Multiple Entries Multiple Exits and the benefit of Position Building. He is trying to learn something which many here have already learned years ago in this thread and some are trading live and making money. When he is unsure of the market, he should not be trading. Using 5 entries (orders) with few pips distance between orders is not what Position Building strategy is. If he has read my post from 2015 to 2017, he would have learn by now how I trade TMS with MEME. Look at Tekkies...
@emmanuel7788 i want to learn more about Meme and the EA.
  • #91,757
  • Oct 7, 2018 1:49pm Oct 7, 2018 1:49pm
Quoting robots4me
{quote} I've interacted with people like that -- they speak about financial instruments, assets, investor portfolios, trading solutions, etc. They are professional speakers and operate at a much higher level than MT4 traders. I wonder whether he has ever attached an indicator to MT4. There is a difference between people who talk and people who "do". Given the type of questions you ask here, Anton Kriel wouldn't have a clue what you were talking about. jmn5611 has responded to many of your questions and his answers are both instructive and wise....
Yes, possible.
  • #91,758
  • Oct 7, 2018 2:05pm Oct 7, 2018 2:05pm
Quoting lddd
@jmn5611 Do you use the 'Average True Range' in some way for your trading with the TMS strategy and if so could you explain how you do this? Thanks in advance.
I have not read about any use of the ATR in TMS. Maybe there is another thread on the topic somewhere.
If you are good at something, never do it for free--Joker
  • #91,759
  • Oct 7, 2018 2:31pm Oct 7, 2018 2:31pm
Quoting jmn5611
{quote} I have not read about any use of the ATR in TMS. Maybe there is another thread on the topic somewhere.
Ok thanks.
  • #91,760
  • Oct 7, 2018 3:10pm Oct 7, 2018 3:10pm
Quoting lddd
Yes, possible.
lddd -- even though we may disagree and I may sometimes be too blunt, no doubt you are a true gentleman. It is so refreshing that you don't take disagreement as a personal attack. I tip my hat to you...
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