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Trading Made Simple

  • #97,621
  • Aug 24, 2019 5:50pm Aug 24, 2019 5:50pm
Quoting RickM
{quote} Anthony I forgot to mention this issue and its one George never understood what I was going on about. On almost every decent looking Herd Box, you will find a Vacuum space within the zone. See how price returned to this exact spot at close of week. Its the biggest gap on that chart that will never be filled for years. Once the Algo gives up trying to fill it, it will clear out all those seller stops. Cheers - Still waiting for traders to tell me to piss off {image}
your points are very valid , i do not use a stoploss personal preference spoils the big boys tricks , what goes up must come down and repeats itself over and over same sht different day week in week out thing to be aware of is swaps>>>can kill trades so i use a swap positive strategy ,people with small accounts should not follow what i do
people leave, but this thread will go on for ever
  • #97,622
  • Aug 24, 2019 6:22pm Aug 24, 2019 6:22pm
Quoting RickM
{quote} Still waiting for traders to tell me to piss off {image}
Yup, you said it. Now bagger off.
-----
Thanks Rick.
Way over my head. Can you refer readers to some web-page for more reading please.
  • #97,623
  • Aug 24, 2019 7:25pm Aug 24, 2019 7:25pm
I agree with Rick M 100%. Forex is manipulated 110%. I think forex is like roulette, its either black or red. It's either going up or going down. Years ago when I first heard about forex I opened a account with a forex broker and I sat in front of my computer and just watched forex for about 3 months before I even made a trade, I never read any books. I basically taught my self how to trade. By watching my computer 12-18 hours a day I learned that trading during the day was like a slaughter house. I don't care what pair I was watching it would make some crazy moves right out of the blue. I learned that trading at night was a lot calmer and pairs would move more in one direction without the crazy whip saw moves than during the day. I've made buys or sells before I go to bed and wake up at 4am or 5am to see where I was at and usually I made a profit most of the time and go back to sleep. Then when I would wake up a couple of hours later the same pair was whip sawing all over the place. If you didn't know you would say that's not the same pair I traded last night. For me now, if I trade during the day I trade the 5min and 15min chart only. I trade from 7:30am eastern time to no later than 11:30am. After that I don't make trades. But at night I trade the 1 hour chart after I try and figure out what direction the pair is going. I also think the more expensive the pair is the less whip saw action it shows. What do I look for to place a trade ? (I look for railroad track candles that go west to east) If I see these railroad tracks I know from years of trading that the pair is getting ready to make a move one way or the other. After it's made it's move I buy or sell from what ever it tells me. But these railroad tracks are the key for me, they repeat themselves over and over again. True story- Once upon a time when I had a Oanda account and I was killing it. Some fella at Oanda calls me early in the evening and goes on to tell me that I'm trading wrong. I said how is that ? He said that I don't trade for a long enough period of a time when I trade during the day, he also told me start using a stop loss. I never use a stop loss because I learned that when you do they always take you out of the trade. After I got that call from Oanda I closed my account after I opened a account with another broker a month later. I think during the day trading for me the 5min chart or 15min chart is the only way to trade after you have figured out which way the pair is going. These short time periods don't give the market manipulators enough time to push these pairs to 70% over bought or over sold. For me and my trading system simpler is better, and I get in and get out as soon as I can make a profit. Las Vegas wasn't built on winners.
Patience, let the trade come to you.
  • #97,624
  • Edited 9:15pm Aug 24, 2019 8:49pm | Edited 9:15pm
Quoting RickM
{quote} Anthony I forgot to mention this issue and its one George never understood what I was going on about. On almost every decent looking Herd Box, you will find a Vacuum space within the zone. See how price returned to this exact spot at close of week. Its the biggest gap on that chart that will never be filled for years. Once the Algo gives up trying to fill it, it will clear out all those seller stops. Cheers - Still waiting for traders to tell me to piss off {image}
Hi Rick, I've learnt how to calibrate indicators with universal parameter that track and follow the algo activity to show accurately planned MM targets on all timeframes on any pair, my chart is laden with indicator lines that mark the targets - MM targets is what I focus on. I spent months learning how to do that - I told Kevin months ago about this, too bad he don't believe me. Now I just wait for the targets to get hit that I check on my cellphone then put on the reversal trade. I can trade off lower tf for 10-20pips per pair couple of times a day but that's too much screen staring work. I just do a few trades a day for the big swing targets like GU last friday. The work is a lot easier. Cheers

Quoting Tekkies
{quote} Yup, you said it. Now bagger off. ----- Thanks Rick. Way over my head. Can you refer readers to some web-page for more reading please.
Read the pdf file that's the summary of George posts on this thread.
https://www.forexfactory.com/showthread.php?t=874421
  • #97,625
  • Aug 24, 2019 9:54pm Aug 24, 2019 9:54pm
Quoting RickM
{quote} Anthony I forgot to mention this issue and its one George never understood what I was going on about. On almost every decent looking Herd Box, you will find a Vacuum space within the zone. See how price returned to this exact spot at close of week. Its the biggest gap on that chart that will never be filled for years. Once the Algo gives up trying to fill it, it will clear out all those seller stops. Cheers - Still waiting for traders to tell me to piss off {image}
Hi Rick, last week algo aimed for the uppermost blue box but failed to reach it on Thursday. Then on friday returned to rest at the bottom target blue box. This week algo likely aim for the top lime box then drop down target the bottom lime box later in the week.

Quoting RickM
...Cheers - Still waiting for traders to tell me to piss off
I think we should stop posting about this on bigE's thread. Not sure where to post this.
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  • #97,626
  • Aug 24, 2019 10:10pm Aug 24, 2019 10:10pm
Quoting Aussi
{quote} i do not use a stoploss
i think you also prefer to take profit of few pips (may be 10 pips or even less)
could you talk about your preferred take profit point ?
because i struggle very much with this problem.
thanks in advance.
  • #97,627
  • Aug 24, 2019 10:49pm Aug 24, 2019 10:49pm
Quoting Sajidhelp
{quote} i think you also prefer to take profit of few pips (may be 10 pips or even less) could you talk about your preferred take profit point ? because i struggle very much with this problem. thanks in advance.
hi mate , yes a lot of people struggle with it , i believe its because they think to much about the trade greed keeps them in only to see it fall with a spike its a recurring theme i see on FF , i dont struggle at all with it i now you ask your self if i do 20 trades all profit say taking $20 per trade =$400 or one trade taking $400 all the same its in the bank i have no preferred take profit i take it when i want to that being said when i go to bed tp,s are taken thats so nice next morning,when i take a trade in profit i am looking for the next trade it might be the same pair i rarely think i should have kept that trade see thats the problem people dwell on the last trade i am in and out

now some say its gambling some people on FF say long term trading is investing heres my take on it if people who want to invest get out of forex get into shares buy a house forex as ups downs and sideways every single day same sht different day week in week out money to be made on every time frame you cant do that in shares or a house that is investing

ok i have stopped ranting you trade to your plan
people leave, but this thread will go on for ever
  • #97,628
  • Aug 25, 2019 1:09am Aug 25, 2019 1:09am
Quoting skyway
{quote} Hi Rick, last week algo aimed for the uppermost blue box but failed to reach it on Thursday. Then on friday returned to rest at the bottom target blue box. This week algo likely aim for the top lime box then drop down target the bottom lime box later in the week. {quote} I think we should stop posting about this on bigE's thread. Not sure where to post this. {image}
Totally agreed Skyway, this is the last post on Reversal trading and other related matters here.
You know since George shut down his thread, there are a few traders wandering around without a place to post. Anthony & Daniel have some good threads going but they are directly related to their own methods. Perhaps I could open up a thread to gather in those traders who want to post on Georges ideas and let everyone dump ideas into that thread at will. Just a dumping ground of different approaches to Georges methods without fear of criticism or ridicule from any other trader.
Personally I have no time to create a serious site like Steve's, as I already run a thread on another site and invest my time creating and building EA's with two Aussie traders.
In fact I am only posting here this week because I am on a break for three weeks in Europe and can't find time to trade the London session.
If anyone has any opinions, let me know.

Can I leave this thread by offering something of value to TDI traders they may find useful, they may not. This is over nobodys head.

The Algo each day seeks profits for the market by either taking out yesterdays high or yesterdays low. All we need to do is wait for the Algo to play its hand.
I wait for the move towards yesterdays high or low, confirm its not false and either take the Grind or the Reversal trade at the end.

HOW EASY IS TRADING
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Trading thin liquidity at the boundary of the charts
  • #97,629
  • Aug 25, 2019 1:54am Aug 25, 2019 1:54am
Quoting RickM
{quote} Yes, achieving a win rate of over 90% is easy once we get this deep understanding that this manipulation is real and can be seen ahead of time. Cheers
Good to see you here guys. I agree with Sky after spending so much time on charts and reviewing George's bible. I'm not there yet but with the help of a few good people I am getting better.

yes once you see it you can get 90% trade win and 100% profitable baskets.

Rick nice post on the gap that doesn't get filled by the algo, I have the same observation but I am still struggling to understand where it exactly will stop before reversing and cleaning out the perfectly aligned herd.

green pips to everybody

cheers

Diego
  • #97,630
  • Aug 25, 2019 2:16am Aug 25, 2019 2:16am
Quoting Nikt
{quote} Good to see you here guys. I agree with Sky after spending so much time on charts and reviewing George's bible. I'm not there yet but with the help of a few good people I am getting better. yes once you see it you can get 90% trade win and 100% profitable baskets. Rick nice post on the gap that doesn't get filled by the algo, I have the same observation but I am still struggling to understand where it exactly will stop before reversing and cleaning out the perfectly aligned herd. green pips to everybody cheers Diego
Understanding when a Grind starts and stops should be the primary task for every trader who wants to make a living trading Forex

Answer that question correctly and you will be a very rich man / woman.

SHIT - Pretend I am not here
Trading thin liquidity at the boundary of the charts
  • #97,631
  • Aug 25, 2019 3:00am Aug 25, 2019 3:00am
Quoting RickM
{quote} Totally agreed Skyway, this is the last post on Reversal trading and other related matters here. You know since George shut down his thread, there are a few traders wandering around without a place to post. Anthony & Daniel have some good threads going but they are directly related to their own methods. Perhaps I could open up a thread to gather in those traders who want to post on Georges ideas and let everyone dump ideas into that thread at will. Just a dumping ground of different approaches to Georges methods without fear of criticism...
hi rick
I wait for the move towards yesterdays high or low, confirm its not false
can you detail about confirm its not false? when you will know this?
  • #97,632
  • Aug 25, 2019 3:06am Aug 25, 2019 3:06am
Quoting Nikt
{quote} Good to see you here guys. I agree with Sky after spending so much time on charts and reviewing George's bible. I'm not there yet but with the help of a few good people I am getting better. yes once you see it you can get 90% trade win and 100% profitable baskets. Rick nice post on the gap that doesn't get filled by the algo, I have the same observation but I am still struggling to understand where it exactly will stop before reversing and cleaning out the perfectly aligned herd. green pips to everybody cheers Diego
djamal gives a better view of mechanics of trading , if you are talking about georges thread on tma well good luck with that
people leave, but this thread will go on for ever
  • #97,633
  • Aug 25, 2019 3:07am Aug 25, 2019 3:07am
Quoting RickM
{quote} Totally agreed Skyway, this is the last post on Reversal trading and other related matters here. You know since George shut down his thread, there are a few traders wandering around without a place to post. Anthony & Daniel have some good threads going but they are directly related to their own methods. Perhaps I could open up a thread to gather in those traders who want to post on Georges ideas and let everyone dump ideas into that thread at will. Just a dumping ground of different approaches to Georges methods without fear of criticism...
Last post here from me out of total respect for this thread and it's regular occupants.

Yes, Rick if you would be so kind to set one up I'll definitely participate. My thread is just a trading journal for myself.

Maybe a trade discussion thread?? Not sure what you'd call it? "Rick's Place"?? Sounds like a bar I'd go to for sure.

Safe travels in Europe.

Cheers
Anthony
Empty your mind and let the market guide you
  • #97,634
  • Aug 25, 2019 4:09am Aug 25, 2019 4:09am
Quoting RickM
{quote} Understanding when a Grind starts and stops should be the primary task for every trader who wants to make a living trading Forex Answer that question correctly and you will be a very rich man / woman. SHIT - Pretend I am not here
we cant do that mate you are doing a great job , i learnt this a long long time ago , when i tell people i can look at a chart and see the trades some think i am nutty and they would be true
people leave, but this thread will go on for ever
  • #97,635
  • Edited 5:32am Aug 25, 2019 4:47am | Edited 5:32am
I wait for the move towards yesterdays high or low, confirm its not false and either take the Grind or the Reversal trade at the end. HOW EASY
Hi Rick sounds like a simple strategy that works generically. Makes sense as algo is liquidating stop loss positions each day. Only issue is if it’s a grind or reversal.
but a small Tp will cater for both.
  • #97,636
  • Aug 25, 2019 5:32am Aug 25, 2019 5:32am
Quoting RickM
{quote} Totally agreed Skyway, this is the last post on Reversal trading and other related matters here. You know since George shut down his thread, there are a few traders wandering around without a place to post. Anthony & Daniel have some good threads going but they are directly related to their own methods. Perhaps I could open up a thread to gather in those traders who want to post on Georges ideas and let everyone dump ideas into that thread at will. Just a dumping ground of different approaches to Georges methods without fear of criticism...
best chart posted since months,

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just finished reading all the fantastic posts made by some good traders this weekend.

and this post is the best and my favourite...

thanks RickM

sad thing is when market opens in a few hours, the herd will go back to the green cross red trading again without understanding all that were discussed so far.

taking trades would become a breeze ....

the OP once said: (Post#2617)
The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2 years doing that.... so what does that mean?

It takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for me... why?

when you can take trades without the TDI and Stochastics, then you have reached a high level in trading made simple.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #97,637
  • Aug 25, 2019 6:01am Aug 25, 2019 6:01am
Quoting emmanuel7788
{quote} best chart posted since months, {image} just finished reading all the fantastic posts made by some good traders this weekend. and this post is the best and my favourite... thanks RickM sad thing is when market opens in a few hours, the herd will go back to the green cross red trading again without understanding all that were discussed so far. taking trades would become a breeze .... the OP once said: (Post#2617) The answer was simple......
perfect
people leave, but this thread will go on for ever
  • #97,638
  • Edited 7:20am Aug 25, 2019 7:10am | Edited 7:20am
Quoting skyway
{quote} Hi Rick, I've learnt how to calibrate indicators with universal parameter that track and follow the algo activity to show accurately planned MM targets on all timeframes on any pair, my chart is laden with indicator lines that mark the targets - MM targets is what I focus on. I spent months learning how to do that - I told Kevin months ago about this, too bad he don't believe me. Now I just wait for the targets to get hit that I check on my cellphone then put on the reversal trade. I can trade off lower tf for 10-20pips per pair couple of...
Sky
Did read George thread a long time ago and walked away.
Philosophy and trading does not go well together, for the simple reason it leads to more questions that can be answered.
-------
"My trading is done with NO standard indicators on the MT4 Platform as they are NOT consistent and accurate enough in my humble opinion , and to MY standards.."
into comparison with this:
"Would like to extend the TMA tool for traders ,,,, This TMA does NOT REPAINT ,,,,,"
> TMA: "are double-smoothed simple moving averages" https://www.mql5.com/en/code/7375
Already one sign to be careful.
------
Trends don't exist? Look at the slops TMA show on every chart.
TMA really that good? What about NonLagMa v7.1 or this one
Attached Image

------
Support and Resistance?
- What are those green lines?
- Is that not good example of consolidation?
Attached Image

Not a nice way to trade
Attached Image

------
In Post 1 PLEASE GO AND READ POST 3969 . Post 3,969 Really Not a single paragraaf about trading.
> CRITICISM IS NOT WELCOME ,, at any level or in any form or shape ,,,,
How come? You can not stand the heat, don't enter the kitchen.
In Post 3,567 Go to post 2407 ,,, that has ALL of what a trader needs to master this game ,,, BigE posted the same: "study old charts
In Post 2,287 avoiding a request? Suggestion a one on one discussion that may last more then two houers of typing?
In Post 2,321 picked up some flake. SEE WHAT I MEAN ???? YOU do NOT know how i trade ,,, what hedging i use ,,, and not stop loss ,,,,
What is the purpose of opening a thread and 2321 posts later the thread starter post that.
In Post 3,921 he mentioned : FEW WONDERFUL TRADERS HAVE ALREADY JOINED THIS ELITE GROUP ,,, and in Post 3,763
  • #97,639
  • Aug 25, 2019 9:00am Aug 25, 2019 9:00am
Quoting emmanuel7788
{quote} sad thing is when market opens in a few hours, the herd will go back to the green cross red trading again without understanding all that were discussed so far.
Hi Emmanuel.
I know I posted to really try and not react to what you post in this thread. Could not resist the temptation to respond, seeing that you are back to bashing traders AGAIN for using TDI green cross red.
-------
Yes, you did drop TDI and Stoch from your chart's. Got to give you credit for that.
Taking clean trades is a breeze for me... why?
Easy to explain the why: You replaced them with six or seven indicators from Robins thread.Post 3,323
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Members have been posting with out any trolling or bickering until you come along and spread your poison.
Stop being a mean nasty little man, you are only hurting yourself.
  • #97,640
  • Edited 5:59pm Aug 25, 2019 5:43pm | Edited 5:59pm
Quoting RickM
{quote} Totally agreed Skyway, this is the last post on Reversal trading and other related matters here. You know since George shut down his thread, there are a few traders wandering around without a place to post. Anthony & Daniel have some good threads going but they are directly related to their own methods. Perhaps I could open up a thread to gather in those traders who want to post on Georges ideas and let everyone dump ideas into that thread at will. Just a dumping ground of different approaches to Georges methods without fear of criticism...
After reading some of what Georges posted and looking at the chart's posted by you I can understand why it was above my trading grade. Georges, Skywalk, yourself are only using new words for old concepts. Not something new or that revolution.
You must have read some google web-page Trading with Rayner. In this https://www.tradingwithrayner.com/tr...ding-strategy/ web-page he discuss the same principles with words I understand because it is the same words BigE used.
Received a PM with reference to this thread: Post 1. Again the same concept with a different perception how to read the market.
Looking now at that chart posted Post 97,633 there is a long term up trend and where you say it is "New High" are short down term trends inside the long term up trends.

Mining 10 pips profit in both directions are possible.
(Take note how TDI suffer in consolidation.)
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Reading your remark about "achieving a win rate of over 90% is easy" in Post 97,607 I thought back about a dream I had Post 88,221 and how one particular trader a few posts later blasted the living daylights out of me just for posting such a goal to achieve.
In fact he mocked the shit out of me. Post 88,203. Be careful Rick a snake might bite you in the heal.
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