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Trading Made Simple

  • #94,881
  • Mar 21, 2019 7:29pm Mar 21, 2019 7:29pm
Quoting Roni26
Another text book trade- But long right into resistance. So would you guys just miss this trade as there is resistance above? Or is this not classified as resistance. Again some of the senior guys in this thread... if you could give your input, would be great! See below. Kind regards, Roni {image}
@Roni,

But long right into resistance.So would you guys just miss this trade as there is resistance above?

technical resistance can be tested again and can be broken by more buying pressure.
it is the Risk to Reward question.
is there room enough for a good R:R trade? what is your minimum R:R for you to decide to take that trade setup?

I would take a trade setup when I see there is room for a potential 3 to 8 candles swing and a R:R of 1:2 sometimes I get greedy and I do it with 1:1.5.

Again the big round number 00 levels and the market type conditions... the Weekly is in control this week, and we have Weekly low as support.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,882
  • Mar 21, 2019 7:36pm Mar 21, 2019 7:36pm
Quoting emmanuel7788
{quote} 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. {image}

DE30 Mar 22 Tokyo Open update

pretty tough week so far as H4 broke out of it rising channel. I remain calm even though I am BUY bias this week.

taking the opportunity to Buy low and gain some pips.

look at the charts below - M15, H1 and H4. You can see the REVERSAL candles by now so I save some time not having to mark them.
the key question is do you want to trade at this hours of the day when the European markets are closed.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 12 Mar 22 Tokyo Open 22-03-2019 08-29-27.png Size: 111 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,883
  • Mar 21, 2019 7:52pm Mar 21, 2019 7:52pm
Quoting emmanuel7788
{quote} @Roni 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...

You do not trade the way Big E advocated, therefore your method in relation to this thread, is void.

Furthermore, I can never seem to understand what you mean.

Some of the other guys... care to explain?

Thanks,
Roni
  • #94,884
  • Edited 8:39pm Mar 21, 2019 8:18pm | Edited 8:39pm
Quoting Roni26
{quote} You do not trade the way Big E advocated, therefore your method in relation to this thread, is void. Furthermore, I can never seem to understand what you mean. Some of the other guys... care to explain? Thanks, Roni

@Roni,



you only need to read, study and understand these three posts by heart One, Two and Three and you would need that wheelbarrow used by Big E ...

and you wont be exhausted with the method. Keep It Simple just 1,2 and 3.

Good Luck.

Edit. Oops I forgot toe mention 123 and there is also 2b.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,885
  • Mar 21, 2019 8:31pm Mar 21, 2019 8:31pm
Quoting Roni26
{quote} You do not trade the way Big E advocated, therefore your method in relation to this thread, is void. Furthermore, I can never seem to understand what you mean. Some of the other guys... care to explain? Thanks, Roni

@Roni,

here is following Big E' post:

Quoting eelfranz
Hey Gang, You know I prefer to trade the the 1 & 4hr timeframes.... Don't be afraid to trade the Dailies for you working guys and gals. They generally have nice runs per reversal.... give it a try....

Quoting eelfranz
I'm going to do a test on the Daily charts. When green crosses red I'll stay in until green crosses red again. I'll report the results in a week or so... I'll only enter if the candles are medium length or larger... wish me luck ...
My EURJPY D1 trade open today:

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Mar 22 D1 trade MEME 22-03-2019 09-25-21.png Size: 51 KB


Note: before the TDI cross again, I would have made some money ... or I would cut-loss.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,886
  • Mar 21, 2019 9:04pm Mar 21, 2019 9:04pm
USDJPY D1 trades Mar 21:

Here another example following Big E'posts:

Quoting eelfranz
Hey Gang, You know I prefer to trade the the 1 & 4hr timeframes.... Don't be afraid to trade the Dailies for you working guys and gals. They generally have nice runs per reversal.... give it a try....

Quoting eelfranz
I'm going to do a test on the Daily charts. When green crosses red I'll stay in until green crosses red again. I'll report the results in a week or so... I'll only enter if the candles are medium length or larger... wish me luck ...

now with 4 open sell positions in one basket and average entry price 110.71, stress free trading.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY D1 trades Mar 21 22 22-03-2019 09-55-33.png Size: 60 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,887
  • Mar 21, 2019 9:11pm Mar 21, 2019 9:11pm
Follow what Big E advocated ... One, Two and Three

Quoting eelfranz
Is that possible? Yes. ...I hate trading 5min-15min-30min charts. Why? You have to monitor each trade from beginning to end and hope and pray you made a correct entry. I only trade 1hr charts during the the 1st 3 hours of the USA OPEN and 4hr trades at night. I check for set ups at 10pm Pacific,2am and close all 4 hour trades by 6am Pacific.... You ever woke in the morning popping on your puter and find you made 150 pips while you slept... guaranteed to put a smile on your face and a...
I hate trading 5min-15min-30min charts. Why? You have to monitor each trade from beginning to end and hope and pray you made a correct entry. I only trade 1hr charts during the the 1st 3 hours of the USA OPEN and 4hr trades at night. I check for set ups at 10pm Pacific,2am and close all 4 hour trades by 6am Pacific....

In about 3 hours time would be his 10PM. And now is the time you can check all your H4 charts and you would know now if you have any trade opportunities when that 10PM candle time opens if not, then you be ready at his 2AM candle time.
I see only possibly 3 pairs out of Big E 8 pairs with potential setups.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,888
  • Edited 9:31pm Mar 21, 2019 9:20pm | Edited 9:31pm
Quoting emmanuel7788
{quote} {image} 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.
{image}
.
I agree with your findings Emm. Using a average price exit strategy with a optimised take profit figure is the key. On top of that, you can just add additional
manual trades at obvious tops or bottom to hedge any drawn downs. It really is that easy.
I am running a fully automatic MEME EA that runs 7 pairs at the same time, this helps to hedge drawn downs with lower risk.
A new pair gets added at the end of the month.
Attached Image (click to enlarge)
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Trading thin liquidity at the boundary of the charts
  • #94,889
  • Mar 21, 2019 9:51pm Mar 21, 2019 9:51pm
Quoting RickM
{quote}. I agree with your findings Emm. Using a average price exit strategy with a optimised take profit figure is the key. On top of that, you can just add additional manual trades at obvious tops or bottom to hedge any drawn downs. It really is that easy. I am running a fully automatic MEME EA that runs 7 pairs at the same time, this helps to hedge drawn downs with lower risk. A new pair gets added at the end of the month. {image}
Hi, Rick
If you don't mind, can you help me a bit to better understand your TE? It looks somewhat bizarre to me... Last week it showed about 50% profit with about 15% (?) max DD. Now it's suddenly 15% loss (21% loss days before) with max 50% DD, even though I cannot find any big loss trades in the history. Did you make some draw out from the account? Frankly, I am not very familiar with reading TE numbers.... sorry.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #94,890
  • Mar 21, 2019 9:57pm Mar 21, 2019 9:57pm
Quoting jmn5611
{quote} I am pretty sure he uses dollar stops in his trading.
You are incorrect.

Davit: https://www.forexfactory.com/showthr...8#post11842318

Further discussion: https://www.forexfactory.com/showthr...7#post11842827

It's unfortunately only a question of time before the margin call. Many people have warned him, and math is not an opinion, but these are his choices, and in the end, he shall only have himself to blame.

Hopefully he smartens up...
  • #94,891
  • Edited 10:33pm Mar 21, 2019 10:16pm | Edited 10:33pm
Quoting heispark
{quote} Hi, Rick If you don't mind, can you help me a bit to better understand your TE? It looks somewhat bizarre to me... Last week it showed about 50% profit with about 15% (?) max DD. Now it's suddenly 15% loss (21% loss days before) with max 50% DD, even though I cannot find any big loss trades in the history. Did you make some draw out from the account? Frankly, I am not very familiar with reading TE numbers.... sorry.
Hi Heispark

I have 8 explorer accounts so who knows what your looking at, I will check it out.
I run 7 live accounts from 4 brokers and run three EA accounts with 4 manual trading accounts.
Five of them are going well, two bad and will shut those EA,s down. Maybe it’s from one of those accounts.
That screen shot was from a account I showed, the drawdown has hit 20% for 2 days in February but normally runs at 5%.
Today the drawdown is 3%.
Trading with EA’s is no different to normal trading, a few work but most fail.
Trading thin liquidity at the boundary of the charts
  • #94,892
  • Mar 21, 2019 10:33pm Mar 21, 2019 10:33pm
Quoting RickM
{quote} Hi Heispark I have 8 explorer accounts so who knows what your looking at, I will check it out. I run 7 live accounts from 4 brokers and run three EA accounts with 4 manual trading accounts. Five of them are going well, two bad and will shut those EA,s down. Maybe it’s from one of those accounts. That screen shot was from a account I showed, the drawdown has hit 20% for 2 days in February but normally runs at 5%. Today the drawdown is 3%. Trading with EA’s is no different to normal trading, a few work but most fail.
I mean the one shown on your profile page. There's only one TE you shared (am I missing something?). I attached screenshots I took two days ago...
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-03-20 10-55-07 - RickM's Profile @ Forex Factory.png Size: 617 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-03-20 10-55-30 - RickM's Profile @ Forex Factory.png Size: 702 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #94,893
  • Mar 21, 2019 11:06pm Mar 21, 2019 11:06pm
Quoting heispark
{quote} I mean the one shown on your profile page. There's only one TE you shared (am I missing something?). I attached screenshots I took two days ago... {image}{image}
Hi Heispark
That’s my good EA. keep a eye on it.

This account was a old account that was running a average EA. It loss around 21% in January so I cut it. The 50% drawn down was from the first week when I turned on the EA. I didn’t have enough funds there so I had to increase the balance to keep it running with the correct equity to avoid passing 20% draw down amount.
It normally sits around 5-7%.
Watch what happens over the next few months, it’s going to be special.
My goal is 100k pips by Xmas as this one will be getting many pairs added to it.

PS . I know what I am doing
Trading thin liquidity at the boundary of the charts
  • #94,894
  • Mar 21, 2019 11:15pm Mar 21, 2019 11:15pm
Quoting RickM
{quote} Hi Heispark That’s my good EA. keep a eye on it. This account was a old account that was running a average EA. It loss around 21% in January so I cut it. The 50% drawn down was from the first week when I turned on the EA. I didn’t have enough funds there so I had to increase the balance to keep it running with the correct equity to avoid passing 20% draw down amount. It normally sits around 5-7%. Watch what happens over the next few months, it’s going to be special. My goal is 100k pips by Xmas as this one will be getting many pairs added...
Thank you for details. Appreciated.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #94,895
  • Edited Mar 22, 2019 1:06am Mar 21, 2019 11:34pm | Edited Mar 22, 2019 1:06am
Quoting Roni26
{quote} You do not trade the way Big E advocated, therefore your method in relation to this thread, is void. Furthermore, I can never seem to understand what you mean. Some of the other guys... care to explain? Thanks, Roni
Will try Roni.
It is a mind game being played. This member want you to fail with BigE,s method, TDI crossover. When you do fail, he hope's that you will start to follow him and the current method he use.
Here are two example how the mind game is played:
Post 94,880: Keep It Simple believer who only follow Big E posts has its limitations.
Post 94,884: you only need to read, study and understand these three posts by heart
-----
With your post you have question the member's integrity and already you received a nasty post.
Ignore work's best with those tipes of post.

The best way to deal with this is to follow only what BigE has posted. To understand post#1, 261, 647 you must do a cross reference between those post's and the rest of BigE's post's.

Post 94,885 Look at these words in reference to BigE's post:
post 1: .... give it a try....
post 2: .... report the results in a week or so
What did BigE mean by that? Not sure myself, so be careful.
  • #94,896
  • Mar 22, 2019 12:20am Mar 22, 2019 12:20am
Quoting Nik-Nyc
{quote} You are incorrect. Davit: https://www.forexfactory.com/showthr...8#post11842318 Further discussion: https://www.forexfactory.com/showthr...7#post11842827 It's unfortunately only a question of time before the margin call. Many people have warned him, and math is not an opinion, but these are his choices, and in the end, he shall only have himself to blame. Hopefully he smartens up...
I don't know if he is following his rules, but on his original page one, he gave stops and risk parameters in fine detail. When he got back into his thread, he truncated his new page one. He gave less detail mainly because most pivot traders were around before he was threatened with doxxing. When speaking of margin calls, LTCM took a margin call, Lehman Bros. took a margin call, so did Bear Stearns. Individual traders like Victor Neiderhoffer have also blown up. Blowing up is part of the risk that we all take. Soros and Buffet have also had their asses handed to them. Getting called is part of this game, especially if you are carrying a large position. Remember Alpari and FXCM after the RBS unpegged? I have Davit's original rules because I was an early participant in that thread. No one can protect against the black swan. It will kill us all at some point. Davit gets a lot of heat because of the way he moderates his thread. He has posted prints. I don't know what else the guy can do.
If you are good at something, never do it for free--Joker
  • #94,897
  • Mar 22, 2019 12:37am Mar 22, 2019 12:37am
Quoting Roni26
Another text book trade- But long right into resistance. So would you guys just miss this trade as there is resistance above? Or is this not classified as resistance. Again some of the senior guys in this thread... if you could give your input, would be great! See below. Kind regards, Roni {image}
When in doubt check other time-frames.
What is H1 doing?
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  • #94,898
  • Edited 2:57am Mar 22, 2019 2:38am | Edited 2:57am
Quoting jmn5611
{quote} I am pretty sure he uses dollar stops in his trading. There is a difference between averaging down and scaling in. They use pivots and PA to anticipate turning points. If the pivot exceeds 100R or 100S, that is signaling a trend and the trades are managed accordingly. Just putting that out there.
nothing wrong with using pivots. but that is no risk-management, itīs gambling. davit started 2019 with a nearly margin-call and this is preeminent with that "approach": keeping large open positions for days and weeks with huge drawdowns. over -20% within few days is no risk-management. some of the sheep posted te (ofc. deleted now lol) which were even worse. amateurs. the blind leading the blind. pretending to know fundamentals with zero background. but the mysteries of the markets are freely available, written in trading books.

Inserted Video
fortis fortuna adiuvat
  • #94,899
  • Mar 22, 2019 2:49am Mar 22, 2019 2:49am
Quoting jmn5611
{quote} I don't know if he is following his rules, but on his original page one, he gave stops and risk parameters in fine detail. When he got back into his thread, he truncated his new page one. He gave less detail mainly because most pivot traders were around before he was threatened with doxxing. When speaking of margin calls, LTCM took a margin call, Lehman Bros. took a margin call, so did Bear Stearns. Individual traders like Victor Neiderhoffer have also blown up. Blowing up is part of the risk that we all take. Soros and Buffet have also...
sorry, canīt disagree more about that topic. blowing up is absolutely no part of the risk that "we all" take. it is very likely at the beginning, but later on itīs a shame. and itīs a disgrace to promote such gambling to noobs. if this strategy would be a financial product, it would never get licensed by bafin or other regulators for retail clients.
taking losses is part of the game, thatīs true. itīs high risk gambling getting married with huge positions. market will take each of them out sooner or later. never ever taking over-night risk with large leveraged positions.
fortis fortuna adiuvat
  • #94,900
  • Mar 22, 2019 4:13am Mar 22, 2019 4:13am
Quoting deltaone
{quote} nothing wrong with using pivots. but that is no risk-management, itīs gambling. davit started 2019 with a nearly margin-call and this is preeminent with that "approach": keeping large open positions for days and weeks with huge drawdowns. over -20% within few days is no risk-management. some of the sheep posted te (ofc. deleted now lol) which were even worse. amateurs. the blind leading the blind. pretending to know fundamentals with zero background. but the mysteries of the markets are freely available, written in trading books. ...
pulling numbers out of your ass as usual! Nothing further from the truth!
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