Disliked{quote} letīs agree to disagree. one thing is sure: admins will not take any action. since you are new here, you will learn that and other things someday. all the best d1Ignored
- #94,862
- Mar 20, 2019 8:23pm Mar 20, 2019 8:23pm
- Joined Nov 2008 | Status: Trader | 50,214 Posts
{quote} DE30 Mar 20 H1 update Today is a good example why some short term traders have a Plan A and a Plan B. When the market set you up, you must be ready. {image}
DE30 Mar 21 H1 and H4 in synergy
Follow Price Action and both the TDI and Stoch will follow the price momentum,
H4 price Action is DBLHC
DBLHC = Double Bar Low Higher Close
H1 is original classic TMS 5-Method setup candle that closes above the 5EMA.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #94,863
- Mar 21, 2019 12:24am Mar 21, 2019 12:24am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,094 Posts
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #94,864
- Edited 12:53am Mar 21, 2019 12:35am | Edited 12:53am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,094 Posts
This is a story about once a star Forex trader named 'FX Viper'. He ran a signal service and was well known for his consistent profits delivery for years until he finally demised with consecutive huge DD (btw he used a custom pivot). His Youtube video hit one million views and some of you may remember him. Eventually, once good friends Jeff and Nick became foes since then. Read details of this soap opera from here: https://donnaforex.com/index.php?PHP...opic=10883.855
This is the EURUSD short trade which killed FX Viper and his career:
What do you learn from it? Interesting isn't it?
Inserted Video
Inserted Video
Inserted Video
This is the EURUSD short trade which killed FX Viper and his career:
What do you learn from it? Interesting isn't it?
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #94,866
- Edited 1:33am Mar 21, 2019 12:59am | Edited 1:33am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Dear Emmanuel,In Mehdi's system there are two method,then he developed his system added stoch(28,3) and removed harizontal level from stoch.How did he use these stoshastics with tdi for buying and selling. If you remove 50 level from stoch that means you cancel method 2. Is it right or wrong? Wich is powerfull toll for you, to use one stoch or two? Can you explain please, thanks for all.
For Mehdi' Method_2, you must use the Stochastics 50-level is use in conjunction with the TDI Market Base Line MBL Yellow line
<quote>
Method 2:
If I want to look at 4H charts for more entries, ( usually when I do not have any entries from method 1 at the beginning of the day), during the day , I will follow the bellow rules:
1) Check method 1 for possible entries on chart 4H
or
2) BUY:
2-1) Stochastic : near or above 50
2-2) TDI : a) looking for cross or rebound but where it is near or above yellow line b) cross or rebound upward
3) SELL:
3-1) Stochastic : near or BELLOW 50
3-2) TDI : a) looking for cross or rebound but where it is near or BELLOW yellow line b) cross or rebound DOWNWARD
<unquote>
Note: His method follow exactly what Big E'rules in Post#261 - the REVERSAL candle rule. The REVERSAL candles usually will have the Stochastic cross as signal which is NFF system. When both the Stochastics and TDI show a cross signal, these are one of the conditions for the best setups.
... If Stoch's & the TDI give different signals... lights flash off and on warning me to take a closer look before entering.. and usually I look for another trade. 5 ema... shows direction currently... only wanting to enter on candle 1 or two. If there is a reversal do I have a TDI signal to enter... if not and all looks strong then enter on candle 2... use some discretion... ... there is nothing to it... it's so simple... don't complicate it or you will lose...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #94,868
- Mar 21, 2019 1:59am Mar 21, 2019 1:59am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
This is a story about once a star Forex trader named 'FX Viper'. He ran a signal service and was well known for his consistent profits delivery for years until he finally demised with consecutive huge DD (btw he used a custom pivot). His Youtube video hit one million views and some of you may remember him. Eventually, once good friends Jeff and Nick became foes since then. Read details of this soap opera from here: https://donnaforex.com/index.php?PHP...opic=10883.855 https://youtu.be/lSKT6o3gpo0...
What do you learn from it? Interesting isn't it?
What I learn for this many years ago led me to develop a money management and risk management to trade TMS with MEME.
Interesting when I ran the same period in my strategy tester and sell only during the same period Dec 18 2018 to Nov 25 2016.
TMS MEME was profitable when it was sell only.
and have a safety valve in Mingary' Monty Hall problem.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #94,871
- Mar 21, 2019 2:50am Mar 21, 2019 2:50am
- Joined Nov 2013 | Status: Made in Germany | 19,871 Posts
fortis fortuna adiuvat
- #94,872
- Mar 21, 2019 2:53am Mar 21, 2019 2:53am
- Joined Nov 2013 | Status: Made in Germany | 19,871 Posts
fortis fortuna adiuvat
- #94,876
- Mar 21, 2019 3:13pm Mar 21, 2019 3:13pm
This is a story about once a star Forex trader named 'FX Viper'. He ran a signal service and was well known for his consistent profits delivery for years until he finally demised with consecutive huge DD (btw he used a custom pivot). His Youtube video hit one million views and some of you may remember him. Eventually, once good friends Jeff and Nick became foes since then. Read details of this soap opera from here: https://donnaforex.com/index.php?PHP...opic=10883.855 https://youtu.be/lSKT6o3gpo0...
- #94,877
- Edited 5:30pm Mar 21, 2019 5:12pm | Edited 5:30pm
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,094 Posts
{quote} I remember I read his trade explorer and trades he took a couple a years ago at myfxbook. What I learned: use stop loss!!. He had a lot of floating trades. I remember also that he only traded EURUSD and the results what not that impressive. It needs more than a cool name to be a good trader
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #94,878
- Mar 21, 2019 5:33pm Mar 21, 2019 5:33pm
- Joined Nov 2013 | Status: Made in Germany | 19,871 Posts
{quote} His strategy includes no SL, custom pivot, price action, news flow, small leverage, managing DD...etc. He also liked Mark Douglas' book. He traded GBP and CAD as well (another earlier big DD came from CAD trade). He repeatedly told his clients that he was managing DD within certain boundaries but it seems later his DD hit up to 50% and therefore made his clients upset. There were some people warned about his trading style and DD way before the disaster. Anyway, it took several years before the market finally took...
fortis fortuna adiuvat
- #94,879
- Mar 21, 2019 6:34pm Mar 21, 2019 6:34pm
- Joined Oct 2012 | Status: Trade Small, Win Big | 4,988 Posts
{quote} true coincidence. but the sheep will never learn. that day davit gets his margin-call, remaining with nothing left but his mortgage and his union-job, he will feel sorry not only for the loss of money but the loss of lifetime he wasted on the internet to strangers instead of spending time with family and friends IRL (if there are any).
If you are good at something, never do it for free--Joker
- #94,880
- Mar 21, 2019 6:59pm Mar 21, 2019 6:59pm
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Hi guys, Had a slightly better run today but AGAINST the rules somewhat so I will need your take on that. Below I have shorted both trades, however both would have been shorted into support via Big E's rules. Can anyone clarify whether this was a risky trade and if they would have traded these also. Moreover, what is classified as SIGNIFICANT support and resistance? How far back do you go? Please see charts below. Kind regards, Roni {image} {image}
Had a slightly better run today but AGAINST the rules somewhat so I will need your take on that.
which rules did you traded AGAINST? Your own rules of the rules written by the OP of his thread?
I know the OP had written some rules but he also traded against those rules. He trade were based on his discretionary decisions which some may see as breaking written rules and contradicting.
Moreover, what is classified as SIGNIFICANT support and resistance? How far back do you go?
I searched Big E posts and he only used that word SIGNIFICANT once and it was not referring to support and resistance.
Keep It Simple believer who only follow Big E posts has its limitations.
Big E did mentioned that price love to return to the big round 00 levels.
Trading H4, you look for potential swing of 3 to 8 candles, right? If this being the case, I will only look back the recent weeks on my Weekly to look for most recent support and resistance where there were swing highs and swing lows.
See my previous Post#94,839 above.
EURJPY H4 Multi-charts
GBPUSD H4 Multi-charts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett