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Trading Made Simple

"EU closed at TP. Almost 700 Euros for today. One of the better mondays i had for quiet a long time."

Hi Iddd, is this a "real" account?. If so, wow, incredible trading!.
Quoting Patso
"EU closed at TP. Almost 700 Euros for today. One of the better mondays i had for quiet a long time." Hi Iddd, is this a "real" account?. If so, wow, incredible trading!.
Yes its a real account. Its now up 98,01% with a drawdown of 23,34%. I am trading this account since Sept. 2018. So this doesnīt mean a lot. Lets see how it goes. This account is treated with quiet high risk because 3k is just money i can forget about, but itīs nearly doubled. I will take out the initial investment of 3k this week and keep trading it further with zero risk.
That's excellent Iddd. I'll be following this System more closely. "Consistency" is what we all seek to achieve.
I added to the GBPJPY trade. Not because this system says anything about that, but because I felt like risking open profits. You can see some of my other trades at the bottom there. I've held on to most of those for almost a week now. When you let your profits run the results can be pretty amazing.

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Quoting jarro2783
I added to the GBPJPY trade. Not because this system says anything about that, but because I felt like risking open profits. You can see some of my other trades at the bottom there. I've held on to most of those for almost a week now. When you let your profits run the results can be pretty amazing. {image}
Trading 0.01 lots per trade, emotional pressure is zero. You could leave trades open for monthes or even years like that.
Well it's still real money, emotional pressure is greatly reduced, not zero. I was still pretty nervous when I had zero winning trades a couple of weeks ago and closed over 1% total losing trades. Plus these trades are winning now, it's easy to leave winners open, it's booking a loss that's the hard part.

I'm trialing the system with 0.01 for a few months on real money. Once I'm happy that the system works I'll bump it up a bit. This is why I'm trading with 0.01, so I can slowly increase the confidence in the system and decrease the emotional pressure instead of starting with massive trades and freaking out on day one.
Quoting jarro2783
Well it's still real money, emotional pressure is greatly reduced, not zero. I was still pretty nervous when I had zero winning trades a couple of weeks ago and closed over 1% total losing trades. Plus these trades are winning now, it's easy to leave winners open, it's booking a loss that's the hard part. I'm trialing the system with 0.01 for a few months on real money. Once I'm happy that the system works I'll bump it up a bit. This is why I'm trading with 0.01, so I can slowly increase the confidence in the system and decrease the emotional pressure...
Yes it might be still real money. But you could achieve the same results (in money amount) with spending less time for a complete 0% risk driving a taxi for a couple of hours a month (well ok its also some risk, you might have an accident...) but i hope you get the point.

"It's easy to leave winners open, it's booking a loss that's the hard part"

Now that is completely the wrong attitude if you want to make consistent SERIOUS money with trading. Losers are just part of the game and you have to learn accepting them as a cost of doing business.

If you are emotional affected because of 50 or even 100 trades getting lost in a row you are doing something wrong.

I suggest try looking for 20 Pips as your average winning outcome on each trade. Stop loss by the half, so do not let them run more much than a 10 Pips against you.

So cut your loss early if you see the trade is not going to work out, because the next day there will be PLENTY of new chances. Itīs the pure greed trying to catch the tops and bottoms on each single trade mixed with a fearful mindset and thinking small (0.01 lot).

I mean do you really want to invest your valueable lifetime with something stupid boring like trading if your outcome will be a few dollars extra pocket money you maybe spend the next day for buying some shit in the supermarket you dont even need?

Update: Oh sorry, i did not read you said you will bump it up to built confidence. Yes thats good. But really donīt try to find tops or bottoms and hold on to trades for days or even weeks. Its really not necessary.
Quoting lddd
{quote} Yes it might be still real money. But you could achieve the same results (in money amount) with spending less time for a complete 0% risk driving a taxi for a couple of hours a month (well ok its also some risk, you might have an accident...) but i hope you get the point. "It's easy to leave winners open, it's booking a loss that's the hard part" Now that is completely the wrong attitude if you want to make consistent SERIOUS money with trading. Losers are just part of the game and you have to learn accepting them as a cost of doing business....
I get what you're saying. But I made 7% last month trading with 0.01. I also can't look at the charts more than once a day, so sometimes my losers head closer to 100 pip territory, but I'm closing winners > 200 pips. To me it's working, all I have to do is bump up the trade size and look at pips not $$. Who wouldn't be happy with 10% per month anyway? This isn't a get rich quick scheme, it's making consistent gains over time that compound.

I'm thinking small at the moment so I still have money to trade tomorrow. Once my 0.01 has made me several hundred dollars I will be much more comfortable with knowing that I can trade bigger.
Quoting jarro2783
{quote} I get what you're saying. But I made 7% last month trading with 0.01. I also can't look at the charts more than once a day, so sometimes my losers head closer to 100 pip territory, but I'm closing winners > 200 pips. To me it's working, all I have to do is bump up the trade size and look at pips not $$. Who wouldn't be happy with 10% per month anyway? This isn't a get rich quick scheme, it's making consistent gains over time that compound. I'm thinking small at the moment so I still have money to trade tomorrow. Once my 0.01 has made me...
Great. Let me know how you are doing.
@ lddd i just recently joined forex factory and im trading for like 1.5 years now.
My problem is, that i can only trading before my work and i see trading as a second future income once i build a decent balance.
As im not sure if one can private messsage you, i like to know if you have any experience if just trading the TDI crosses on 15m TF and maybe 1h TF is possible inbetwenn 6 and 9 am GMT?
Quoting kain775
{quote} I can see you went short here after the OB but where is the resistance you used? I don't see any?
GBPJPY Week 43

D1 Inside Bar breakout. Also that D1 Mother Bar of the IB was a WRB, its Low 145.81 was support that was broken by the H4 BEOB.

If you Synergy 5SMMA High-Low, the 5SMMA High is also resistance when you see PA test that 5SMMA High and does not close above that.

H4 Bearish Outside Bar BEOB was the setup

See Post#92,219 which was how I plan my trades looking at the Big Picture MN, W1 and D1 to see the market type conditions.

https://www.forexfactory.com/showthr...9#post11619809
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting kain775
{quote} why does this sort of trade work for you and not for me? I try taking these sorts of trades like the one here on m30 and it's 50/50, no edge at all. I see likica taking them and they work for her. Recently I have been looking hard at charts to try and find out why they don't work for me. There's no hidden div here, no candlestick pattern ...or anything else. I think they work if there's something like that in the setup [still need to test more..], but with the setup you've got there ..why does it work? I notice from looking at the D1 chart...

Learn to pick only the best setups like Big E. I pick only the A+++ setups that have all 10 conditions. Win rate is between 45% and 50% and positive Expectancy above 2.5. Do Not expect 70% to 80%.

Be clear what are signals and what are trade setups. Price vs RSI(TDI) divergence is a chart condition for a trade setup.

You need to study the RSI Divergence and implement this correctly when you want to trade with divergence setups.

RSI: The Complete Guide Post#27,110 by John Hayden [download]
The Truth about Divergence ... read Chapter 4 Page 65
Trend Determination using the RSI (TDI) Post#26,774

When I take a H4 trade setup, the W1 must not be narrow range sideways. When the W1 shows price momentum and close outside of its 5SMMA High-Low, that is one of the conditions to look for H4 trades.
DO Not trade H4 when market is in narrow range CONSOLIDATION (Post#647)

EURJPY trade planning also in Post#92,219 which was how I plan my trades looking at the Big Picture MN, W1 and D1 to see the market type conditions.

https://www.forexfactory.com/showthr...9#post11619809
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} Learn to pick only the best setups like Big E. I pick only the A+++ setups that have all 10 conditions. Win rate is between 45% and 50% and positive Expectancy above 2.5. Do Not expect 70% to 80%. Be clear what are signals and what are trade setups. Price vs RSI(TDI) divergence is a chart condition for a trade setup. You need to study the RSI Divergence and implement this correctly when you want to trade with divergence setups. RSI: The Complete Guide Post#27,110...

hi. new to TDI and this thread. Trying to learn. Where can i find those 10 conditions you speak of?
Quoting kain775
{quote} why does this sort of trade work for you and not for me? I try taking these sorts of trades like the one here on m30 and it's 50/50, no edge at all. I see likica taking them and they work for her. Recently I have been looking hard at charts to try and find out why they don't work for me. There's no hidden div here, no candlestick pattern ...or anything else. I think they work if there's something like that in the setup [still need to test more..], but with the setup you've got there ..why does it work? I notice from looking at the D1 chart...
Here an example with EURJPY,

look at the price action around the BRN 127.00 128.00and 129.00. What do you see?
? reversal bars/candles
? PA with 5SMMA High-Low

if you read the old thread, Big E used to trade with aggressive entries using the 5SMMA High-Low. He would sell when reversal candles below 5SMMA High and Buy when reversal candle above 5SMMA Low. He did this until he found the displaced 5EMA with Shift+3 to replace that Synergy' 5SMMA High_Low PAC.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting lddd
Another trade i took. Not sure if this is a classic bounce trade according to the rules but it looks promising. Daily Trade, therefor reduced position size. {image}
Looks like a bounce. On Daily trades, how many pips away is your SL?
EURGBP Week 45 Nov 06

Buyers must be patient and wait for the right moment.

Too early buy now. Where do you place your initial Stop Loss if you buy now?

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} Here an example with EURJPY, look at the price action around the BRN 127.00 128.00and 129.00. What do you see? ? reversal bars/candles ? PA with 5SMMA High-Low if you read the old thread, Big E used to trade with aggressive entries using the 5SMMA High-Low. He would sell when reversal candles below 5SMMA High and Buy when reversal candle above 5SMMA Low. He did this until he found the displaced 5EMA with Shift+3 to replace that Synergy' 5SMMA High_Low PAC. {image}

EURJPY Nov 06 H4

slow moving but the direction is clear as of now... still in buy mode.
Wait and see how it will react at the 129.50 region.
If it reverses (a bearish reversal bar/candle), I look for a re-test condition if I want to sell later.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Week 45 Nov 06 BPP.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
It would be useful to create a "Telegram Trading Group" from this method. Question is; would most traders, in this group, be interested?. I personally belong to a few Telegram Trading Groups, I find them to be very informative.
Quoting doha
{quote} Looks like a bounce. On Daily trades, how many pips away is your SL?
I normally donīt trade this time frame. I closed this trade earlier now for a 25 Pips loss 1 Hour after i entered. You probably need to look at H4/H1 to get a better entry price for trading daily candles. I was quiet late here and felt insecure.

Regarding to SL, on M15 (which is normally trade) is use a SL to the next swing high or low if this means not much more than risking a 20 Pips. On Daily you would probably need to give it much more room. Maybe a 80-100 Pips SL.
Quoting emmanuel7788
{quote} EURJPY Nov 06 H4 slow moving but the direction is clear as of now... still in buy mode. Wait and see how it will react at the 129.50 region. If it reverses (a bearish reversal bar/candle), I look for a re-test condition if I want to sell later. {image}
Hello Emmanuel,
Always wonderful analysis. Thanks for keeping the thread alive and helping people after big E.
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