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Trading Made Simple

  • #109,541
  • Oct 10, 2020 12:32am Oct 10, 2020 12:32am
Quoting Tekkies
{quote} Catch the knife before it falls with a normal candle. {image}

Hey Folks

Two(2) mistakes in this post and chart above.

1) There is no falling knife trade on that chart.

2) Trying to sell by picking tops in a bullish market is pure gambling. It is treating your money like entertainment and relaxation money you would take to Las Vegas.

Remember what the OP Big E said: #281
Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies #109, 539 chart 10-10-2020 12-46-46 pm.png Size: 218 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #109,542
  • Oct 10, 2020 12:39am Oct 10, 2020 12:39am
Quoting robots4me
{quote} @emmanuel7788 -- okay, let me rephrase that... For people who follow BigE's methodology and who actually trade a live account (unlike resident TMS expert and mocker of BigE's death -- @DrDick -- who trades demo), what do you feel are the 3 most important "pieces of the puzzle"? Call it whatever you like. Pretend you have 2 minutes to explain forex trading to my grandmother and she can only remember the 3 most important points you tell her -- what would you tell her?
What happen to "what are the 3 best "take aways" for this method"?
Now you ask something totally different > "forex trading to my grandmother"

To answer that question I would take grandma to a computer and show her how to use Google search.
Forex trading is to big to explain in two minutes at best it will be:
The foreign exchange (also known as FX or forex) market is a global marketplace for exchanging national currencies against one another. Because of the worldwide reach of trade, commerce, and finance, forex markets tend to be the largest and most liquid asset markets in the world.
  • #109,543
  • Oct 10, 2020 12:40am Oct 10, 2020 12:40am
Quoting Tekkies
{quote} To change a method there must be a reason. BigE dropped 5EMA in Post#718 I am more aggressive now and noticed I was giving up some pips doing it that way so I changed to using the TDI candle #1 or 2 for entries. Reason: giving up some pips What has changed between 2014 and 2020 when looking / comparing BigE's training chart's to the chart's you see now? Am happy with the 10 pips everyday, so why repair what is not broken. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies #109,542 10-10-2020 1-35-22 pm.png Size: 165 KB


why show only 62 trades?

show us 1,000 trades, please

... or better 2,000 trades between 2016 and 2020.

I can show you my transition to trade the Daily {here}
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #109,544
  • Oct 10, 2020 12:48am Oct 10, 2020 12:48am
@Tekkies, @emmanuel7788 -- thank you both. Despite the fact you've chosen to present your views in a competitive manner, you both have a lot to offer. So -- nothing but respect for you guys.

@DrDick is a different story. The man who attempts to pass himself off as an expert (i.e. "Dr") in trading, remains deafening silent. Still awaiting his response.

And my question wasn't necessarily directed solely to @Tekkies, @emmanuel7788 and @DrDick. Anyone else please feel free to jump in and agree or disagree. Raise the level of discussion to a give and take where we learn from one another. This is a great thread with a great history. Use it to your advantage to learn and improve, rather than intimidate and discriminate. I don't know if that makes sense, but since it rhymes then it sounds good...
  • #109,545
  • Oct 10, 2020 1:00am Oct 10, 2020 1:00am
Quoting emmanuel7788
{quote} Hey Folks Two(2) mistakes in this post and chart above. 1) There is no falling knife trade on that chart. 2) Trying to sell by picking tops in a bullish market is pure gambling. It is treating your money like entertainment and relaxation money you would take to Las Vegas. Remember what the OP Big E said: #281 Don't get fired ! Just make the necessary transition to trading 4hr charts during the...
Emmanuel, of course there is no falling knife.
You missed the "before"
The knife is still in your hand. When it does fall, you don't crab the knife, you wait until it has hit the floor and pick it up otherwise you might cut your hand.

But that is OK. We know that stupid people tend to catch fall knifes. Hospital emergency room are filled with them on a daily base
  • #109,546
  • Oct 10, 2020 2:50am Oct 10, 2020 2:50am
post #1721 May 8, 2011
"No more adding things to this method. PM me first always. If you can't respect and live with that... unfortunately you'll be banned...
Every trader has learned the forex differently... you find things you like to do or use. That's great but do so without posting it here. We follow the rules only and that brings the members success... thanks..."
To free Gazans of Hamas, use whatever it takes.
  • #109,547
  • Oct 10, 2020 3:00am Oct 10, 2020 3:00am
post #1716 May 8, 2011
"People have added several rules that aren't my rules"
To free Gazans of Hamas, use whatever it takes.
  • #109,548
  • Edited 3:42am Oct 10, 2020 3:09am | Edited 3:42am
Quoting Tekkies
{quote} Emmanuel, of course there is no falling knife. You missed the "before" The knife is still in your hand. When it does fall, you don't crab the knife, you wait until it has hit the floor and pick it up otherwise you might cut your hand. But that is OK. We know that stupid people tend to catch fall knifes. Hospital emergency room are filled with them on a daily base
You're again wasting your time.

As Ivan9578 said, he's twisting words like politician speech. They don't care about the subject at hand, but for opportunities to dump toxicity to try to disparage the opponent. This is typically because they lack competence in the subject matter so cannot make intelligent discourse, but are experts in diversion and toxic disparagement, so it is easy and natural for them to employ these tactics. It is impossible to have a proper debate with such people.
To free Gazans of Hamas, use whatever it takes.
  • #109,549
  • Oct 10, 2020 3:15am Oct 10, 2020 3:15am
post #1718 May 8, 2011
"I get a little frustrated when people keep adding stuff and then posting it on the forum. I repeatedly ask others to PM others on the thread with the new ideas and not posting them. At least PM me with their ideas...

All this extra crap does nothing but confuse other traders and their success rate drops and they can't figure out why...

Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES.
That's what makes it work !"
To free Gazans of Hamas, use whatever it takes.
  • #109,550
  • Oct 10, 2020 3:27am Oct 10, 2020 3:27am
#272 April 27, 2011
"This system is simple and works. If you can't make pips with it consider taking up playing cards or something else... "
To free Gazans of Hamas, use whatever it takes.
  • #109,551
  • Oct 10, 2020 3:28am Oct 10, 2020 3:28am
#1514 May 5, 2011
"simple system - easy money..."
To free Gazans of Hamas, use whatever it takes.
  • #109,552
  • Oct 10, 2020 3:29am Oct 10, 2020 3:29am
#7740 July 12, 2011
"It's a simple system that works..."
To free Gazans of Hamas, use whatever it takes.
  • #109,553
  • Oct 10, 2020 3:33am Oct 10, 2020 3:33am
#137 April 27, 2011
"Entries... Doesn't matter the time frames... the set ups are all the same... This is so simple to spot most can trade this easy system and make lots of pips... "
To free Gazans of Hamas, use whatever it takes.
  • #109,554
  • Oct 10, 2020 3:36am Oct 10, 2020 3:36am
Quoting DrDave
{quote} You're again wasting your time. As Ivan9578 said, he's twisting words like politician speech. They don't care about the subject at hand, but for opportunities to dump toxicity to try to disparage the opponent. This is typically because they lack competence in the subject matter so cannot make intelligent discourse, but are experts in diversion and toxic disparagement, so it is easy and natural for them to employ this these tactics. It is impossible to have a proper debate with such people.
@DrDick -- great to see you're paying attention -- welcome back...

@DrDick -- since you won't answer the questions previously posed and answered gracefully by @Tekkies and @emmanuel7788, if you don't mind I did have another question for you. Within your family, do people really address you as "Dr", or simply dick?

As always, it's a pleasure. Baa..., Baa...
Attached Image (click to enlarge)
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  • #109,555
  • Oct 10, 2020 3:48am Oct 10, 2020 3:48am
#100,222 Feb 3, 2020
ToxicFaketrader aka emmanuel7788
"when you are not contributing anything to ongoing discussion better STFU."
To free Gazans of Hamas, use whatever it takes.
  • #109,556
  • Oct 10, 2020 4:08am Oct 10, 2020 4:08am
Quoting Tekkies
{quote} Emmanuel, of course there is no falling knife. You missed the "before" The knife is still in your hand. When it does fall, you don't crab the knife, you wait until it has hit the floor and pick it up otherwise you might cut your hand. But that is OK. We know that stupid people tend to catch fall knifes. Hospital emergency room are filled with them on a daily base
@Tekkies

There was no falling knife trade in EURUSD on Oct 09. The transition to H4 is important. #281 EURUSD H4 was bullish. See EURUSD H4 chart below.

In order for the falling knife trade, several things must happen “before”:-

1) There must be a BEARISH True REVERSAL setup

2) Then there must be an established BEARISH trend/swing, in which you must see the price make high-low, lower high-lower low, lower high-lower low.

3) There must be major market event which can drive price into “empty space” and to make new lower lows. “empty space’ on your chart mean there must not be any recent significant swing low reversal seen on your chart.

Study my USDCAD H4 chart below.

To catch a falling knife trade, you must have taken the first True REVERSAL trade and have banked-in profits. You must have at least one open position or one open basket with locked profits, then you can open further trades/positions below your locked profit level with the banked profits to have a ‘free trade’ in the market. This is how investor trade the markets. Make your money work harder for you and it is low stress trading.
Look at my USDCAD trade chart again. I already have several baskets with banked-in profits. Before the Canadian Employment Data release @8:30AM EST I have open positions with locked profits. I simply add more positions when the price fell after the data release, I simply scale-in more positions as price fell lower and each time I manage my ‘stop loss’ following the average entry price of all open baskets/positions.

EURUSD H4

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Oct 09 reversal swing10-10-2020 4-43-48 pm.png Size: 47 KB


Post #109,531
USDCAD H4

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Oct 09 falling knife 10-10-2020 4-48-38 am.png Size: 60 KB

To catch a falling knife, one way is the 'dead cat bounce' trade setup.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #109,557
  • Oct 10, 2020 4:14am Oct 10, 2020 4:14am
Quoting eelfranz
Geo, Why waste your time on lower time frames when on the 1hr chart you can make something worth while... right ? You got it...
Big E said many things ...

Why waste your time on lower time frames when on the 1hr chart you can make something worth while... right ? You got it...

Well, stop wasting your time trading M15.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #109,558
  • Oct 10, 2020 4:19am Oct 10, 2020 4:19am
Quoting DrDave
#100,222 Feb 3, 2020 ToxicFaketrader aka emmanuel7788 "when you are not contributing anything to ongoing discussion better STFU."
@DrDick -- tsk, tsk -- I'm not sure what STFU stands for but I'm guessing it probably isn't very nice and intended to intimidate me and shut me up. As a Dr then I would have thought someone of your stature would be embarrassed to use that type of language. When you completed your medical degree didn't you have to swear to the hypocritical oath?

@DrDick -- while on the subject of fake doctors I was just thinking. Seriously, who in their right mind would attempt to pass themselves as a fake "Dr"? If you were going to go that route then why not choose something better -- e.g. "Genius"? I mean, that's what I would have done. I think @GeniusDick has a nicer ring to it and is more impressive, don't you? I mean, any Tom, Dick or Harry could pass themselves off as a fake Dr, right? But "Genius" -- well, that would take a lot of balls.

All the best -- Baa..., Baa...
Attached Image (click to enlarge)
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  • #109,559
  • Oct 10, 2020 4:29am Oct 10, 2020 4:29am
#100,222 Feb 3, 2020
Quoting ToxicFaketrader_aka_emmanuel7788
when you are not contributing anything to ongoing discussion better STFU.
To free Gazans of Hamas, use whatever it takes.
  • #109,560
  • Oct 10, 2020 4:35am Oct 10, 2020 4:35am
#137 April 27, 2011
"Entries... Doesn't matter the time frames... the set ups are all the same... This is so simple to spot most can trade this easy system and make lots of pips... "
To free Gazans of Hamas, use whatever it takes.
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