Trading Made Simple | Page 5332 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #106,621
  • Jul 22, 2020 6:59am Jul 22, 2020 6:59am
Quoting emmanuel7788
USDJPY Jul 22 2AM PDT H4 BUEB setup and I made a H1 trade entry trying to hit the TP1, TP2 and TP3. {image}
USDJPY Jul 22 trade closed.

not going anywhere so I kill this now.

-7 pips
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Jul 22 h1 trade closed -7pips 22-7-2020 7-54-47 pm.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,622
  • Jul 22, 2020 7:06am Jul 22, 2020 7:06am
Quoting emmanuel7788
{quote} {image} GBPAUD Jul 22 H4 MEME trades closed Trade Report closing my second batch total +957 pips $2220 profit for two batches of MEME trades.
Thats 2 Dollar a Point. Wouldn’t have the energy and time to deal with that. After all your years of trading and posting here I would assume you would at least trade of some bigger size.

Will probably never understand why people doing that. Get in out at 50-100 Lot and target 5 Pips, do that a few times per month and enjoy life not analyzing and sitting in front of any chart all day long.

But anyways if that is what you like and feel happy with, keep going.

Best regards
  • #106,623
  • Jul 22, 2020 7:50am Jul 22, 2020 7:50am
Quoting lddd
{quote} Thats 2 Dollar a Point. Wouldn’t have the energy and time to deal with that. After all your years of trading and posting here I would assume you would at least trade of some bigger size. Will probably never understand why people doing that. Get in out at 50-100 Lot and target 5 Pips, do that a few times per month and enjoy life not analyzing and sitting in front of any chart all day long. But anyways if that is what you like and feel happy with, keep going. Best regards
  • #106,624
  • Jul 22, 2020 8:01am Jul 22, 2020 8:01am
Quoting lddd
{quote} Thats 2 Dollar a Point. Wouldn’t have the energy and time to deal with that. After all your years of trading and posting here I would assume you would at least trade of some bigger size. Will probably never understand why people doing that. Get in out at 50-100 Lot and target 5 Pips, do that a few times per month and enjoy life not analyzing and sitting in front of any chart all day long. But anyways if that is what you like and feel happy with, keep going. Best regards
You have been here for quite sometime and looking for a system to trade your $100k account.
Are you still looking for a system to trade 50- 100 standard lots and hope to make 5 pips.
Do you have a broker in mind to trade 50-100 standard lots?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,625
  • Jul 22, 2020 9:19am Jul 22, 2020 9:19am
Quoting vinicio
{quote}
What vinicio said... [
To free Gazans of Hamas, use whatever it takes.
  • #106,626
  • Jul 22, 2020 9:23am Jul 22, 2020 9:23am
Quoting lddd
{quote} Thats 2 Dollar a Point pip. Wouldn’t have the energy and time to deal with that. After all your years of trading and posting here I would assume you would at least trade of some bigger size. Will probably never understand why people doing that. Get in out at 50-100 Lot and target 5 Pips, do that a few times per month and enjoy life not analyzing and sitting in front of any chart all day long. But anyways if that is what you like and feel happy with, keep going. Best regards
That is more evidence of the BEGINNER'S level. Some people are EXTREMELY slow, and then must use a lot of HARD WORK just to stay at the BEGINNER'S level. Yet, look at the noobs that merrily jump on that wagon to oblivion.
To free Gazans of Hamas, use whatever it takes.
  • #106,627
  • Jul 22, 2020 11:55am Jul 22, 2020 11:55am
Quoting emmanuel7788
{quote} You have been here for quite sometime and looking for a system to trade your $100k account. Are you still looking for a system to trade 50- 100 standard lots and hope to make 5 pips. Do you have a broker in mind to trade 50-100 standard lots?
Well the money I trade with is actually separated over a few different brokers accounts. I didn’t tested opening a 50 or 100 Lot position on a single trade yet but would assume this won’t be a big problem at all during EU trading session in the morning under regular volatility.

But you really don’t have to care about me, I am doing fine, always have. Struggle only came from following TDI and trading made complicated at a maximum, I am over that I believe.

I just wondered why YOU still post here doing all that kind of complicated overkill kind of analyses and basket trading for small profits consuming so much time and energy. I think this only makes things more worst than anything else, but just my opinion.

regards.
  • #106,628
  • Jul 22, 2020 1:15pm Jul 22, 2020 1:15pm
Quoting lddd
{quote} Well the money I trade with is actually separated over a few different brokers accounts. I didn’t tested opening a 50 or 100 Lot position on a single trade yet but would assume this won’t be a big problem at all during EU trading session in the morning under regular volatility. But you really don’t have to care about me, I am doing fine, always have. Struggle only came from following TDI and trading made complicated at a maximum, I am over that I believe. I just wondered why YOU still post here doing all that kind of complicated overkill...
"I am over that I believe."
Your questions was kind of hard to answer.
In case you have forgotten: That me try again. TDI ange between 2/4 no trade. Above 2 are ..................
Good to see your post Iddd
Attached Image (click to enlarge)
Click to Enlarge Name: stillrtr.PNG Size: 54 KB
  • #106,629
  • Jul 22, 2020 3:22pm Jul 22, 2020 3:22pm
I still did not understand the when to enter,
Whenever green cross red I enter market reverse.
  • #106,630
  • Jul 22, 2020 3:55pm Jul 22, 2020 3:55pm
Quoting emmanuel7788
{quote} USDJPY Jul 22 trade closed. not going anywhere so I kill this now. -7 pips {image}
Hi Emmanuael,

Please keep posting such current charts!! I just started (last 2 days) following the thread and keep practicing to learn this easy concept.
Please dont stop this due to others comment..
Most of the beginers here will not open an account with forexfactory immediately, but looking at your charts, compare and learn.

Thankyou!! Ill share mine once i get enough practise on my demo!!
  • #106,631
  • Jul 22, 2020 4:19pm Jul 22, 2020 4:19pm
Quoting Tekkies
{quote} "I am over that I believe." Your questions was kind of hard to answer. In case you have forgotten: That me try again. TDI ange between 2/4 no trade. Above 2 are .................. Good to see your post Iddd {image}
Thanks. Yeah, hope your are fine too. Regards.
  • #106,632
  • Jul 22, 2020 5:17pm Jul 22, 2020 5:17pm
Quoting garid101
I still did not understand the when to enter, Whenever green cross red I enter market reverse.
"Whenever green cross red I enter market reverse.."

happens all the time like this below

Trading Made Simple thread is not about trading TDI green cross red.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP M15 TDI useless 23-7-2020 6-12-41 am.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,633
  • Jul 22, 2020 5:23pm Jul 22, 2020 5:23pm
Quoting lddd
{quote} Well the money I trade with is actually separated over a few different brokers accounts. I didn’t tested opening a 50 or 100 Lot position on a single trade yet but would assume this won’t be a big problem at all during EU trading session in the morning under regular volatility. //// but just my opinion. regards.

So you confirm now that you are not trading 50-100 standard lots and trying to make 5 pips. It was just the usual talk only in Forex Factory.

When you are ready to trade forex 50 lots minimum, let me know and I will share with you how I do it with bank's structured products.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,634
  • Jul 22, 2020 11:02pm Jul 22, 2020 11:02pm
Quoting lddd
{quote} Thats 2 Dollar a Point. Wouldn’t have the energy and time to deal with that. After all your years of trading and posting here I would assume you would at least trade of some bigger size. Will probably never understand why people doing that. Get in out at 50-100 Lot and target 5 Pips, do that a few times per month and enjoy life not analyzing and sitting in front of any chart all day long. But anyways if that is what you like and feel happy with, keep going. Best regards
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Jul 22 closed trades 2 batches 22-7-2020 6-19-53 pm.png Size: 48 KB


Five of you got things wrong.

The pip value for GBPAUD is USD7.10 per pip and not "2 Dollar a Point".

That entire move down from my first entry level to the last entry exit, was about 125 pips, so that total 957 pips for 23 trades will not make meaningful purpose. People get attracted to the big number of Nett PIPS won in that Trade Report indicator and that does not say much about the $money win/loss because of the trade Position Sizing. The Nett PIPS can be negative and Nett P/L can be positive .... due to trade Position Sizing.

There were total 23 trades and total 6.77 lots.
The maximum number of trades in one MEME basket is 5 and there were 5 baskets opened/closed. The average number of trades/basket is 4.6.
This gives an average win of $482 per basket.
The margin amount allocated was $5K and cut-loss was $2.5K
Therefore using the CashFlow model, the profit of $2220 is good cash flow return for this pair trading just the 4H swing.

To know how the CashFlow model work, first you learn the two models in this youtube video.

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,635
  • Jul 22, 2020 11:10pm Jul 22, 2020 11:10pm
AUDJPY Jul 23 H1 Tokyo 1pm local*

same setup every day,

TP1 10 pips will cover the cost of the trade.

* Japan Bank holiday today

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY JUl 23 H1 TOK4 23-7-2020 12-05-53 pm.png Size: 43 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,636
  • Jul 22, 2020 11:29pm Jul 22, 2020 11:29pm
For those who are familiar with the TMS Monitor,

AUDJPY is the best among the 4 JPY pairs.

its TDI RSi green price line slope value 5 and crossed the red trade signal line
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY TMS Monitor alert 23-7-2020 12-25-42 pm.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,637
  • Jul 23, 2020 12:26am Jul 23, 2020 12:26am
Quoting emmanuel7788
{quote} {image} Five of you got things wrong. The pip value for GBPAUD is USD7.10 per pip and not "2 Dollar a Point". That entire move down from my first entry level to the last entry exit, was about 125 pips, so that total 957 pips for 23 trades will not make meaningful purpose. People get attracted to the big number of Nett PIPS won in that Trade Report indicator and that does not say much about the $money win/loss because of the trade Position Sizing. The Nett PIPS can be negative and Nett P/L can be positive .... due to trade Position Sizing....
Amazing~~!!
Your choice was very interesting!
  • #106,638
  • Jul 23, 2020 1:00am Jul 23, 2020 1:00am
Quoting KennethYang
{quote} Amazing~~!! Your choice was very interesting!
My choice for TMS MEME is very simple.

Pick one pair from each of the group of 5 groups. Leverage on trading 5 pairs at the same time.
You can lose all 5 pairs and you know how much $money to cut loss.
You can win 4 lose 1, or win 3 lose 2, win 2 lose 3, ... but with positive Expectancy above 2.5, you do not lose so easily.

GBPAUD, GBPCAD and GBPNZD are in one group.

Pick the best pair based on it Price Action. The pair which has the "empty space" to trade into is the easy selection pick. Learn from professional traders like Kathy Lien and Boris Schloessberg what is "empty space" on your trading charts. You will see the "empty space" very easy and nothing complicated.


Trading Currency Pairs

Group#1
AUDUSD
EURUSD
GBPUSD
USDCAD
NZDUSD

Group#2
EURAUD
EURNZD
EURCAD
EURGBP***

Group#3
GBPAUD
GBPNZD
GBPCAD

Group#4
USDJPY
AUDJPY
EURJPY
GBPJPY
SGDJPY

Group#5
AUDCAD
AUDNZD
NZDCAD

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD 'empty space' Week 30 22-7-2020 8-49-17 am.png Size: 67 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,639
  • Jul 23, 2020 1:05am Jul 23, 2020 1:05am
Quoting emmanuel7788
AUDJPY Jul 23 H1 Tokyo 1pm local* same setup every day, TP1 10 pips will cover the cost of the trade. * Japan Bank holiday today {image}

AUDJPY Jul 23 H1 trade update_1

- TP1 hit +10 pips in the bank!
the position size of TP1 will cover the cost of the trade and reduce the initial risk 'R'.

now I wait and perform my next task, to move SL to BE+
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Jul 23 H1 trade update_1 TP1 23-7-2020 1-42-20 pm.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,640
  • Jul 23, 2020 1:15am Jul 23, 2020 1:15am
GBPUSD Jul 23 H1 trade

simple PA price breaking the high of the previous day.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Jul 23 H1 FO 23-7-2020 2-13-04 pm.png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
32 traders viewing now, 3 are registered:
NikiPink
,
iwan73
,
Ankrish47