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Trading Made Simple

  • #91,921
  • Oct 13, 2018 12:34am Oct 13, 2018 12:34am
Quoting realjumper
{quote} I sympathize with your predicament, I really do. I can't offer you a great deal of advice because for one, I trade M5 / M15 TF's as I don't want to get into any long term trading....and two, I don't use or like the TDI indicator.....I never have and I told eelfranz exactly that, which is when I left this thread way back before he passed away. That's not to say that the TDI is no good, I just don't like it., I prefer stochastic (with the right settings), but this too takes time to fully understand. You'll see idiots (even on this thread)...
Hi Iam new to trading.I found this strategy interesting .Please help with the templates and applications to down load to follow the strategy. Thanks in advance.
  • #91,922
  • Oct 13, 2018 1:16am Oct 13, 2018 1:16am
quote=bodal;11579322]{quote} May I ask you a question ? Why did you choose to trade DE30 instead of other FOREX currencies ? (I apologize if that question has already been asked )[/quote]
Spread is constant at 10
  • #91,923
  • Oct 13, 2018 2:37am Oct 13, 2018 2:37am
Quoting lddd
{quote} Yes, thats actually what i am doing already (well at least trying to do to be honest). But its hard to get any routine here because especially on day trading time frames market structure on the pairs i would like to trade "market structure" looks random/chaotic to me. I donīt think much for the reason because i am not able to see HHs and HLs (uptrend) like you said. But more like because most of the times markets really ARE giving that random/chaotic look. Itīs the reality, simple as that. Even if the market structure is easier to read on...
Iddd, it pays to cherry pick TDI entry's where H1 green confirm M15 green and confirm entry with post#647. To trade only one pair can and will provide you with a substantial income per month

Did not post for a few days, did some serious trading with "big" money. Ricky posted about big account and 100 lot size = bullshit, you are concerned about monthly income, Div flapping lips over small lot size, Chanzo bragging about xxx% profit as a big deal, Emm basing TMS on a daily base, list go on and on.

Decided to stop playing games and really trade.
No stop loss, breakeven + profit. TDI entry's where H1 green confirm M15 green and confirm entry with post#647.
(have explained and posted enough charts - how many times must a method be explained.)

Micro account, leverage 100:1, live account: increased lot size to 100.
Deposit R5 000 ($344) - ($344 is not much: minimum wage of R3,500 per month in SA (google) to many in SA a fortune.

Break even prevented a lot of entries to run until TDI green show exit signal, no stop loss was a mistake. Made deposit back plus profit. Withdraw R6 000 and kept R3 000 in account.

End of story: I can now trade with a lot size 10, you could see for yourself that one pair with cherry pick TDI entry can profitably.
---------
Post#1...............
I wanted a method that was simple, worked on all timeframes, simple rules, few indicators.... that when looking at my simple chart it just shouted out what I needed to do and developed a method that is 70-80%+ wins for me on a regular basis. It took over 2 years to develop this method. I worked hard... late nights and weekends, too. I was so hungry for success.
Post#117...............
Every time I enter a trade I Expect To Win... right from the get go. If I'm not sure because of what I'm seeing I'll pass and find another set up...
Post#261.............
Believe it or not you have to participate and think... until it's so second nature... there is nothing to it... it's so simple... don't complicate it or you will lose...
---------------------------
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  • #91,924
  • Edited 11:59am Oct 13, 2018 9:46am | Edited 11:59am
#Offtopic.

Lesson: Trade for a living for a constant % monthly percentage goal by only trading one market / currency pair over 21 average trading days.

Quoting Tekkies
{quote} Iddd, it pays to cherry pick TDI entry's where H1 green confirm M15 green and confirm entry with post#647. To trade only one pair can and will provide you with a substantial income per month
So what if this currency pair you decide to trade is constantly sideways for 30 days? I donīt think this calculation will then pay off. Also, wasnīt it you the one advised me NOT to set fixed goals on a monthly base. I would agree here but as you said now this is possible lets get practical...

So the question is: How do you will be able to make a monthly living out of your trading like working on a sallary.

Lets assume you need a $10.000 USD for this to pay the bills, make a simple living (no fancy lifestyle) and pay the taxes.

On a $100.000 USD account this means you will be FORCED to do at least a 10% average return per month. So you can withdraw a 10k each month to your bank account because you know next month you will make another 10% again to go back to break even (100k).

Now you donīt want to risk more than 1% per trade. Means, a $1000 dollar risk per trade on a $100.000 USD account. Lets say this one currency pair you decide to trade is EUR/USD where the Pip Value of 1 Lot position equals = $10,00 USD.

Now to make a 10% each month you would need to make a 1000 Pips each month on EUR/USD (without any loss of pips).

The ADR for EUR/USD is maybe a 80 Pips. Trading the M15/H1 example you maybe aim for a 40 Pips per Trade ? I think think thats already insane, but lets assume this and move on. So this means you would need to have at least 25 Trades per month winning a 40 Pips (1000 / 40).

The average trading days per month = 21.

So here you already would need to make at least 1,5 Trades EVERY DAY to reach your goal of 10%/monthly. This would also mean you HAVE to WIN all these trades to reach this goal but as nobody wins a 100% of the time lets assume you only win 50% of these trades you end up with

10 trades per month win (if every trade is min booking you in 40 pips) = +400 pips or +$4.000
10 trades per month loss (SL fixed at 20 pips) = -200 Pips or -$2.000

So you would end up the month with a $2000+ profit. Remember, ONLY if you reach 40 PIPS TP for every of your EUR/USD trades.

So what about the $10.000 monthly goal you set your self by the beginning of the month / trading plan? The bills keep floating in and you have to pay them no matter if you have done only 2% this month instead of 10%, so what are you going to do now?. Take more money out of your account and trade with less capital for the next month?

What you are saying is not going to work. You canīt do this like you said by only trading 1 Pair and expect to have 2 trades EVERY DAY (where you win at least 1 of them). You self told me several times now (only take what the market is willing to give to you). But the monthly costs for what ever bill you need to pay doesnīt care about what the market was giving to you or not. You need to pay them by the end of the month.

So feel free everybody do post your calculations on how you will be able to do this to proof me i am wrong. I would really like to see a working calculation here mixed by a low/moderate risk (1-2% risk per trade) where its possible with trading only 1 market to achieve a constant minimum monthly gain.
  • #91,925
  • Oct 13, 2018 10:34am Oct 13, 2018 10:34am
Trade the emini nq and you can achieve what your looking for iddd
  • #91,926
  • Oct 13, 2018 10:52am Oct 13, 2018 10:52am
Quoting Divergence
Trade the emini nq and you can achieve what your looking for iddd
Because?
  • #91,927
  • Oct 13, 2018 11:18am Oct 13, 2018 11:18am
Huge daily range loads of opportunity
  • #91,928
  • Edited 12:00pm Oct 13, 2018 11:41am | Edited 12:00pm
Quoting Divergence
Huge daily range loads of opportunity
I have no experience with trading other markets than spot fx. But it makes sense that if you need to make a lot of pips on a daily base, that picking the most volatile markets is essential. And for e.g EUR/USD in 2018 moved on average a 75 pips/day while GBP/USD was moving maybe a 130 pips/day.

So you donīt have to be a mathematical genius to recognize collecting a 1000 pips per month by trading only one of these pairs will not work. Or maybe if you would have to trade every little signal you get. (Which here means every TDI cross...) This without any programmatical approach, so trading manually and watching charts for a certain time per day, i think is impossible.

Now what ist the "huge daily range" in Pips for the emini nq each on average per day?
  • #91,929
  • Oct 13, 2018 12:48pm Oct 13, 2018 12:48pm
At the momemt 600 pips a day range
  • #91,930
  • Oct 13, 2018 1:08pm Oct 13, 2018 1:08pm
Quoting lddd
I would really like to see a working calculation here mixed by a low/moderate risk (1-2% risk per trade) where its possible with trading only 1 market to achieve a constant minimum monthly gain.
Did you notice that the chart posted show only closed trades for one day.
Did you notice that almost all trades are short because of breakeven.
Replace Rand (R) with Dollar ($)
Did you notice that one trade took a profit of R6 080.
Did you notice that one trade took a profit of R3 600.
That huge loss of R2 580 can be avoided with a stop loss, you manage to cut loss at R1200 saving R1 380
(Not counting the small trade's of R100)
One day trading R6 000 + R3 600 + R1 380 = R10 980
Took only one trade: R6 080 and dragged it on the M15 chart. (Blue dot)
Plot similar trades for that one day only with TDI crossover. 10 blue trades. Even if you only manage to catch 2 of those blue lines you have reached your target for the month. You still have 20 plus days to trade similar setups.

Iddd you can't managed to do what is showed you will be better of to invest your money in a saving account with a bank. Forex trading is not meant for you.
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  • #91,931
  • Oct 13, 2018 1:37pm Oct 13, 2018 1:37pm
Quoting lddd
So what if this currency pair you decide to trade is constantly sideways for 30 days? I donīt think this calculation will then pay off.
Really?
Same trade as previous post. Higher time frame is sideways for 30 days the lower time frame will have a trend to trade.
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  • #91,932
  • Oct 13, 2018 1:50pm Oct 13, 2018 1:50pm
Quoting Tekkies
{quote} Did you notice that the chart posted show only closed trades for one day. Did you notice that almost all trades are short because of breakeven. Replace Rand (R) with Dollar ($) Did you notice that one trade took a profit of R6 080. Did you notice that one trade took a profit of R3 600. That huge loss of R2 580 can be avoided with a stop loss, you manage to cut loss at R1200 saving R1 380 (Not counting the small trade's of R100) One day trading R6 000 + R3 600 + R1 380 = R10 980 Took only one trade: R6 080 and dragged it on the M15 chart....
Tekkies, first please do not post calculations in R use USD or EUR so anyone can follow

Second, who are you to tell me what is meant for me or not? If your are not able to do an objective reply based on facts I am not interested in it al all.

I have different saving accounts with banks and all kind of other income streams to do very well even without any trading at all.

I am here to learn and already did so but these useless comments from you don’t help, so skip over if you feel bored by my questions.
  • #91,933
  • Oct 13, 2018 2:25pm Oct 13, 2018 2:25pm
Quoting Divergence
At the momemt 600 pips a day range
Thanks, well my broker currently not supports trading it. Can you recommend one so i can have a look at it. And what kind of strategy you make use of here, pure price action support and resistance, any indicators, what’s time frame and so on?
  • #91,934
  • Edited 2:55pm Oct 13, 2018 2:42pm | Edited 2:55pm
Quoting lddd
{quote} Tekkies, first please do not post calculations in R use USD or EUR so anyone can follow Second, who are you to tell me what is meant for me or not? If your are not able to do an objective reply based on facts I am not interested in it al all. I have different saving accounts with banks and all kind of other income streams to do very well even without any trading at all. I am here to learn and already did so but these useless comments from you don’t help, so skip over if you feel bored by my questions.
1. Nothing stop you from doing your own calculations. Maybe you don't understand what is meant by replace R with $.
2. Gave you a objective replay based on what I have trade this past week showing you what can be done. Even with a chart posted you don't understand what is posted, making all sorts of funny calculations based on assumptions or probability why it is impossible to achieve $10 000 every month. Therefor the remark that forex is not for you
3. You are not asking questions and reading similar posts from you:
"I would really like to see a working calculation here mixed by a low/moderate risk (1-2% risk per trade) where its possible with trading only 1 market to achieve a constant minimum monthly gain."
You are seeking reassurance to trade from FF members where none can be given with this method or even any other method.

You say you have learned. Did you really learn anything Iddd?. Looking at your last chart posted you are still not following any advice nor do you know how to apply post#647 correctly.
- Place a sell order above 5ema which is still going up
- Ignore a resistance level (blue line)
- Did the red candle pulled back before or after order was placed? Before order then that long wick at bottom of red candle would have told you to be carefull.


Have you taken time to studied the 5ema you would not have placed that sell order.
Some of BigE's post's:
#309................When you enter a trade using the TDI.. watch PA as it arches back and forth to the yellow 5ema line...
#718...............At one time I used the 5ema in a different way. Back then if a candle closed across the 5ema it was the set up candle. I would enter the trade at the beginning of the next candle if it was the same color.... and that still works... this is more conservative...
#731..............If you see the 5ema or green flat on the TDI there is little or no momentum (look at blue line)

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  • #91,935
  • Oct 13, 2018 5:06pm Oct 13, 2018 5:06pm
Quoting Tekkies
{quote} 1. Nothing stop you from doing your own calculations. Maybe you don't understand what is meant by replace R with $. 2. Gave you a objective replay based on what I have trade this past week showing you what can be done. Even with a chart posted you don't understand what is posted, making all sorts of funny calculations based on assumptions or probability why it is impossible to achieve $10 000 every month. Therefor the remark that forex is not for you 3. You are not asking questions and reading similar posts from you: "I would really like...
I didn’t notice you‘re from SA Tekkies, just wondered about the Rand and had a look at your profile. I used to live in East London for a couple of years but now back to Germany, still having family living over there. I will be in Cape Town again by the end of the year for a coupe of weeks.
  • #91,936
  • Oct 13, 2018 5:09pm Oct 13, 2018 5:09pm
Quoting Tekkies
{quote} Really? Same trade as previous post. Higher time frame is sideways for 30 days the lower time frame will have a trend to trade. {image}
Give it a rest tekkies he said your not helping. Iddd get a demo from amp futures for 30 days check out emini Nasdaq you won't be sorry
  • #91,937
  • Oct 13, 2018 8:26pm Oct 13, 2018 8:26pm
Quoting Divergence
{quote} Give it a rest tekkies he said your not helping. Iddd get a demo from amp futures for 30 days check out emini Nasdaq you won't be sorry
He will be sorry unless he's prepared to practice for a year on DEMO to learn the skills, then hope he is one of those 5% of traders who can trade 123's, pullbacks, 2b's etc like yourself and be profitable. Most will fail because they are impatience and don't have the discipline.
Trading thin liquidity at the boundary of the charts
  • #91,938
  • Oct 13, 2018 8:32pm Oct 13, 2018 8:32pm
Maybe so rick I posted a video on how I trade the market on plan the trade thread it might help those see the trees threw the forest or not lol
  • #91,939
  • Edited 10:01pm Oct 13, 2018 8:33pm | Edited 10:01pm
The New Heiken Ashi - APB indicator with...
↓
✜ The J Smooth bars ✜

This Heiken Ashi bars disregards market noise and concentrates on the smoother trend of the underlying price action using DSMA and non-lag HMA formula.

https://www.forexfactory.com/showthread.php?t=831726

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Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #91,940
  • Oct 13, 2018 8:46pm Oct 13, 2018 8:46pm
Quoting Divergence
Maybe so rick I posted a video on how I trade the market on plan the trade thread it might help those see the trees threw the forest or not lol
I like your Videos, keep them coming.

The biggest shame is we have mostly stopped talking about Emmanuels MEME trading systems. I recommend any trader re-visits his posts on this topic over the past few years to learn how to profit for a living in Forex. Its all about average pricing of all trades set to a pip point target.

I trade six MEME systems via EA's. Five are totally automatic now with one traded semi- automated based on his system. Its the total combined pip count or pip harvesting as I call it which is the wage earner.

Maybe I should post a video that shows how I create profit flowers, give me some time.
Trading thin liquidity at the boundary of the charts
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