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Trading Made Simple

  • #105,661
  • Jun 18, 2020 6:43pm Jun 18, 2020 6:43pm
Sorry, but there is no such thing as simple trading in today's 'Wild West' market. This thread was started in 2011. Things were a lot different back then.
Learn from your mistakes and march on.
  • #105,662
  • Jun 18, 2020 7:04pm Jun 18, 2020 7:04pm
Quoting emmanuel7788
Over 30 years period I read many investing/trading articles, some I recall vividly which made me keep copies in my library archives. here is just one of the hundreds of articles: by Chuck LeBeau In browsing around the web I often encounter discussions of the merits of a particular trade and opinions about the direction of a market. I know that the traders who voice these opinions have good intentions and much of the discussions could be helpful to the person receiving the information. However the provider of the opinion must be very careful that...
(Not a fight Emmanuel)
- Remove hindsight from discussion, that TDI re-paint the past, old argument's (only this time, please).
Every reader that use TDI will see the same TDI crossover on screen.
- Every crossover has a ending which is either in profit or loss.
What is there to hide?
Attached Image (click to enlarge)
Click to Enlarge Name: tradesed.PNG Size: 31 KB

Great post.
  • #105,663
  • Jun 18, 2020 7:20pm Jun 18, 2020 7:20pm
Quoting here2there
Sorry, but there is no such thing as simple trading in today's 'Wild West' market. This thread was started in 2011. Things were a lot different back then.
Can you show on any chart / time frame where "things" were different back then to what it is now.
  • #105,664
  • Jun 18, 2020 7:24pm Jun 18, 2020 7:24pm
Quoting Tekkies
{quote} To be a fool and a demo trader is not the worst. There are again error's in your post: - Changing logo won't change what you have posted in the past, you are now part of group you consider fools not so long ago. - Who try to stop you to change logo? - No wonder you fail in money management. 1000x a month over 54 month it is impossible to have only 4624 post. Chenzo, stop drinking that mimosas it has a detrimental effect on the single brain cell you poses.
I won't argue with an idiot.
You will learn the most from your losing Trades
  • #105,665
  • Jun 18, 2020 7:34pm Jun 18, 2020 7:34pm
Quoting Tekkies
{quote} Can you show on any chart / time frame where "things" were different back then to what it is now.
It's complicated.
Learn from your mistakes and march on.
  • #105,666
  • Jun 18, 2020 8:00pm Jun 18, 2020 8:00pm
Quoting Tekkies
{quote} Can you show on any chart / time frame where "things" were different back then to what it is now.
hope you didn't expect a logical answer
LOCK IN RE-ENTER
  • #105,667
  • Jun 18, 2020 8:05pm Jun 18, 2020 8:05pm
Quoting Chenzo25
{quote} I won't argue with an idiot.
There is a error in your post.
- Already argued by replaying.

Sober up Chenzo, join AA, you can only benefit.
  • #105,668
  • Jun 18, 2020 8:21pm Jun 18, 2020 8:21pm
Quoting mistaouting
{quote} hope you didn't expect a logical answer
So now you are stalking me?

Use your time to improve on your trading skills. That would be more productive than attacking people for sharing an opinion.
Learn from your mistakes and march on.
  • #105,669
  • Jun 18, 2020 11:20pm Jun 18, 2020 11:20pm
Quoting here2there
Sorry, but there is no such thing as simple trading in today's 'Wild West' market. This thread was started in 2011. Things were a lot different back then.
looking back to those 4 years between 2008 and 2011 making 100 to 150 pips during the European session was a 'breeze'.

but look at 2018 , 2019 and now 2020, somethings sure are different.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #105,670
  • Jun 19, 2020 12:05am Jun 19, 2020 12:05am
Quoting emmanuel7788
{quote} looking back to those 4 years between 2008 and 2011 making 100 to 150 pips during the European session was a 'breeze'. but look at 2018 , 2019 and now 2020, somethings sure are different. {image} {image} {image} {image} {image}
Loss of volatility is one of the reasons why a lot of Forex traders have turned to Bitcoin. But even that is suffering.

Of course, it doesn't help much that US trader's hands are tied by unfair regulations.
Learn from your mistakes and march on.
  • #105,671
  • Jun 19, 2020 1:37am Jun 19, 2020 1:37am
EURGBP Jun 19 H1 Frankfurt Open session

EP 0.9009
SL 0.9043
TP 0.8861

Trade Management:
CSTSL(cnd-2) activate > 10pips
BE 2 pips when move > 20pips

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Jun 19 H1 FO trade 19-6-2020 2-36-44 pm.png Size: 19 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #105,672
  • Jun 19, 2020 2:13am Jun 19, 2020 2:13am
EURAUD Jun 19 H1 London Open

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Jun 19 H1 LO sell entry 19-6-2020 3-11-00 pm.png Size: 30 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #105,673
  • Jun 19, 2020 2:47am Jun 19, 2020 2:47am
Quoting here2there
{quote} It's complicated.
Complicated?
Loss of volatility?
unfair regulations?

Here are two chart's. One randomly pick from 2011 and today.
It is pointless to ask which chart is 2011 / 2020.
(with effort you can find both and reply).

What things are different or complicated, where is the lack of volatility, where are the candles bind by unfair regulations.
Attached Image (click to enlarge)
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"Sorry, but there is no such thing as simple trading in today's 'Wild West' market."
Would say that you don't know how to be a gunslinger.
  • #105,674
  • Jun 19, 2020 3:00am Jun 19, 2020 3:00am
Quoting eelfranz
I prefer to trade the 4hr charts at night. My broker posts new 4 hr candles at 10pm my time (Pacific), 2am my time and 6am my time. My page when I open up my charts has 8 open charts. I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade, turn off the puter and go to bed. Four hours later (1:50am) my alarm goes off for the new candles and I take a peek... if I see a new set up I'll enter and go back to bed with the last alarm at 5:50am my time. I close all trades...


that year was 2011, that month was April ... #11

"
I prefer to trade the 4hr charts at night. My broker posts new 4 hr candles at 10pm my time (Pacific), 2am my time and 6am my time.

My page when I open up my charts has 8 open charts. I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade, turn off the puter and go to bed. Four hours later (1:50am) my alarm goes off for the new candles and I take a peek... if I see a new set up I'll enter and go back to bed with the last alarm at 5:50am my time. I close all trades at that time and go back to sleep... There are enough set ups in a normal week to make 200-500 pips... Stress is zero...
"

today we are in new decade 2020, and today is June 19.

200-500 pips trading H4 10PM,2AM and 6AM PDT.... keep on dreaming!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #105,675
  • Jun 19, 2020 3:16am Jun 19, 2020 3:16am
Quoting emmanuel7788
EURGBP Jun 19 H1 Frankfurt Open session EP 0.9009 SL 0.9043 TP 0.8861 Trade Management: CSTSL(cnd-2) activate > 10pips BE 2 pips when move > 20pips {image}

EURGBP Jun 19 H1

LO candle reverses the situation and invalidated the trade.

Cut-loss -0.5R

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Jun 19 H1 cut-loss 0.5R 19-6-2020 4-13-33 pm.png Size: 21 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #105,676
  • Jun 19, 2020 3:16am Jun 19, 2020 3:16am
Quoting emmanuel7788
{quote} that year was 2011, that month was April ... #11 " I prefer to trade the 4hr charts at night. My broker posts new 4 hr candles at 10pm my time (Pacific), 2am my time and 6am my time. My page when I open up my charts has 8 open charts. I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade, turn off the puter and go to bed. Four hours later (1:50am) my alarm goes off for the new candles and I take a peek... if I see a new set up I'll enter and go back to bed with...
BigE trade 8 chart's.
500/8= 62.5
63/5= 12.6
You can not managed to make 63 pips per pair over five days.
or
13 pips per day per pair.

You are also no gunslinger.
  • #105,677
  • Jun 19, 2020 4:45am Jun 19, 2020 4:45am
Quoting Tekkies
{quote} BigE trade 8 chart's. 500/8= 62.5 63/5= 12.6 You can not managed to make 63 pips per pair over five days. or 13 pips per day per pair. You are also no gunslinger.
No Tekkies!

In that month Apr 2011, one H4 candle moves 30 to 60 pips. If you had entered on APB/HA candle #1 and #2, then 3 to 4 candle would have made 80 to 150 pips.

Big E did not all 8 pairs at the same time because he was risking 15% to 30% per trade with his $10k account deposit. He pick the best setups only and traded full standard lots. He also did not trade on Mondays and Fridays, and that leave only 3 trading days per week.

and your post reply again reminds us that you are just too stupid to be posting in this thread. Post#105, 545
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #105,678
  • Jun 19, 2020 5:53am Jun 19, 2020 5:53am
Quoting emmanuel7788
{quote} EURGBP Jun 19 H1 LO candle reverses the situation and invalidated the trade. Cut-loss -0.5R {image}

EURGBP Jun 19 H1 trade

enter buy after the last sell cut-loss.

Trade Management:
CSTSL(cnd-2) activate > 10pips
BE 2 pips when move > 20pips

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Jun 19 H1 re-entry 19-6-2020 6-48-52 pm.png Size: 21 KB


D1 Big Picture June 19

D1 candle target next MN level 0.9107, maybe not today ... next week more likely.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP D1 Big Picture 19-6-2020 6-54-37 pm.png Size: 26 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #105,679
  • Jun 19, 2020 6:05am Jun 19, 2020 6:05am
Quoting emmanuel7788
{quote} EURGBP Jun 19 H1 trade enter buy after the last sell cut-loss. Trade Management: CSTSL(cnd-2) activate > 10pips BE 2 pips when move > 20pips {image} D1 Big Picture June 19 D1 candle target next MN level 0.9107, maybe not today ... next week more likely. {image}

EURGBP June 19 H1 trade update

exit 1 position and move the next CSTSL (cnd-2) again.

would be nice if I can BE the remaining position and let the market decide till London closing. Otherwise I would just close it then and call it EOW.


Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Jun 19 H1 exit 1pos CSTSL 19-6-2020 7-01-55 pm.png Size: 21 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #105,680
  • Jun 19, 2020 6:10am Jun 19, 2020 6:10am
Quoting emmanuel7788
EURAUD Jun 19 H1 London Open {image}

EURAUD Jun 19 H1 London Open trade

this pair rather slow moving.

anyway, just managed to exit 1 position and this will cover the remaining risk of the second position.

move the remaining position initial SL to -0.5R SL

will let this run till London Closing.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Jun 19 H1 trade update 19-6-2020 7-07-22 pm.png Size: 28 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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