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Trading Made Simple

  • #110,021
  • Oct 21, 2020 2:14am Oct 21, 2020 2:14am
Quoting Gh0stRider
{quote} Please find the attached pictures. {image} {image}
Ghost, please read TDI full.pdf.
Your entery's are close to level 68.
  • #110,022
  • Oct 21, 2020 2:15am Oct 21, 2020 2:15am
Quoting Tekkies
{quote} Ghost, please read TDI full.pdf. Your entery's are close to level 68.
can you please share pdf file ?
  • #110,023
  • Oct 21, 2020 2:25am Oct 21, 2020 2:25am
Quoting Gh0stRider
{quote} ALright ill Take a look but Emmanuel what i did wrong yesterday ? if you can explain me a lil bit about my mistake or if i am missing something to add in this setup ?
you want to make real money?
i suggest you to open in H4 TF.
if u want more accurate u can identify the current trend with following D1 Trend on TDI. i mean when green line above the red line its up trend so you just need to wait oportunity in H4 to open buy.
since ive been calcuulating about what i gonna gain from 1 month earlier and what i found when i follow all the TDI on H4 alone the total pip i got just about 200 pip for clean profit.
and also i recomending to use Take Profit so u need to save ur profit, because usually the candle will not go straight in one way every day, they gonna make a correction and the bad news is it can take over ur profit to become loss.
For TP recomendation :
EURUSD 800 - 1000 pip
GBPUSD 1200 - 1500 pip
AUDUSD 800 - 1000 pip
USDCHF 600 - 800 pip

i dont reccomending you to trade USDCAD righ now since i think i loss most of my money there, but its just my recomendation.

and also manage your risk. my maximum risk is about 2% per transaction and 25% per week, but usually it just touched about 5% in a week when im losing.

final thing i need to mention.
dont open a position when u see the TDI signal Crossing on a running candle, since it can bounce and not crossing when the candlestick closed, it just happen to me about more than 5 times so im not gonna fall into that trick again
  • #110,024
  • Oct 21, 2020 2:30am Oct 21, 2020 2:30am
EURUSD Oct 21 TIMING! London Open

-

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Oct 21 H4 H1 M15 TIMING 21-10-2020 3-28-18 pm.png Size: 73 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,025
  • Oct 21, 2020 2:48am Oct 21, 2020 2:48am
Quoting Gh0stRider
{quote} can you please share pdf file ?
Post 76,878
  • #110,026
  • Oct 21, 2020 2:56am Oct 21, 2020 2:56am
Quoting Gh0stRider
{quote} Ill Look at the price action but what do i have to see in tms monitor ?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Oct 21 M30 LO30mins 21-10-2020 3-35-14 pm.png Size: 112 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,027
  • Oct 21, 2020 3:01am Oct 21, 2020 3:01am
Quoting emmanuel7788
Trade Alert .... EURUSD Oct 21 H1 FO candle bounce!!!!!!

Quoting emmanuel7788
EURUSD Oct 21 TIMING! London Open - {image}
EURUSD Oct 21 LO1

and the TIMING is right....

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Oct 21 M15 TIMING now21-10-2020 4-00-08 pm.png Size: 70 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,028
  • Oct 21, 2020 3:32am Oct 21, 2020 3:32am
Quoting Dhanymartin
{quote} you want to make real money? i suggest you to open in H4 TF. if u want more accurate u can identify the current trend with following D1 Trend on TDI. i mean when green line above the red line its up trend so you just need to wait oportunity in H4 to open buy. since ive been calcuulating about what i gonna gain from 1 month earlier and what i found when i follow all the TDI on H4 alone the total pip i got just about 200 pip for clean profit. and also i recomending to use Take Profit so u need to save ur profit, because usually the candle...

I highly appreciated all your help and everyone to educate me. will do what you suggest what to look for HTF i think i need to create a profile with daily,H4 and H1 to grasp the big picture that what im looking at it and try to line up all time frame for confirmation and confident entry.

thank you again for all help.
  • #110,029
  • Oct 21, 2020 3:48am Oct 21, 2020 3:48am
Quoting Gh0stRider
{quote} I highly appreciated all your help and everyone to educate me. will do what you suggest what to look for HTF i think i need to create a profile with daily,H4 and H1 to grasp the big picture that what im looking at it and try to line up all time frame for confirmation and confident entry. thank you again for all help.
In less than 12 mins you will know if you have a H4 trade setup.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Oct 21 pipware M30 21-10-2020 4-45-40 pm.png Size: 56 KB


#281
Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,030
  • Oct 21, 2020 3:57am Oct 21, 2020 3:57am
Quoting emmanuel7788
{quote} In less than 12 mins you will know if you have a H4 trade setup. {image} #281 Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.

Hi!
Yes this template looks so powerful to Identify the Trend Direction ,would you able to please share it so i can start using it as well and then will keep you posted ,Thanks Once again for all help
  • #110,031
  • Oct 21, 2020 4:10am Oct 21, 2020 4:10am
Quoting Gh0stRider
{quote} Hi! Yes this template looks so powerful to Identify the Trend Direction ,would you able to please share it so i can start using it as well and then will keep you posted ,Thanks Once again for all help
i recomend to u for using ur favorite pair so you can focus first, use about 2-5 pairs for learning this method, when you are sure about what to do you can take this indicator to the next level with do like emmanuel do. im still not confident in using this indicator to trade in TF M15 like emmanuel and also i dont want to lose money because TF M15 is where many trader loss their money because they dont know about what they do. but when u mastered this method and know what to do, you can trade like emanuel.

also always try to watch the historical data so you can gain confident in opening and holding your transaction. because trading its not just about technical, but its about your mindset, mental and also your money management.
its like when you compare 2 trader who using the same indicator like SMA 10 and SMA 20.
one trader can gain consistent profit but another one losing his money because he dont have experience and trade with bad emotional.
GBU
  • #110,032
  • Oct 21, 2020 5:40am Oct 21, 2020 5:40am
Quoting Dhanymartin
i recomend to u for using ur favorite pair so you can focus first, use about 2-5 pairs for learning this method
Wrong. Use only 1 pair and stick to it for at least 6 months. Then you hopefully dive through multiple market conditions and get a feeling how price tends to move.

Quoting Dhanymartin
When you are sure about what to do you can take this indicator to the next level with do like emmanuel do.
Wrong. The indicator is not what is going to bring you to any level. Actually if you managed to trade your plan for one pair over a good amount of time you may find out that there is no need to have any indicator telling you stories which are already history at the moment you want to enter. Then you may find out that all what really matters is inside you and how YOU react to things in the moment. Its a mental game + managing risk. No indicator will teach you these far more important lessons.

Quoting Dhanymartin
I am still not confident in using this indicator to trade in TF M15 like emmanuel and also i dont want to lose money because TF M15 is where many trader loss their money because they dont know about what they do. but when u mastered this method and know what to do, you can trade like emanuel....
You are not Emmanuel. Do not even try to trade like him, the OP or anyone else. Again, its you. Your money, your plan, your goals, your risk level. Your path of finding a repeatable procedure that enables you to make money over time.

Donīt waste too much time reading through a lot of other traders strategies and words on forums like this, books, videos, seminars. In most cases, this is the first step getting into trouble and trapping into a ending vicious cycle of analysing things instead of DOING THINGS. Better learn to do the ACTION. Do this by start trading with real money consistently for every day following yourn OWN plan.

You will find a lot of "experts" here, all telling you what to do or not to do. Get over it, simply ignore it. Messi could tell you how to kick the ball in every single way and telling you all the technical insights about the game but does that mean you too will become one of the world's highest paid soccer players right away? Probably not. It required a certain amount of talent + years of hard work and consistent practice.
  • #110,033
  • Oct 21, 2020 5:47am Oct 21, 2020 5:47am
Quoting DrDave
{quote} Hey piple, didn't you read the thread? Or did you read it but have no respect for BigE's wishes? post #1721 May 8, 2011 "No more adding things to this method. 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..." post #1718 May 8, 2011 "All...

Well done 'Dr' for bringing to my attention the nearly a decade old post by the OP, of blessed memory, which was no doubt relevant during that period in the evolution of this thread.

But, asking Good Bro Emm for a download link to such a useful tool that was based on OP's ideas, does not in any way IMHO imply disrespect to his will, as you misdiagnosed.

Permit me to ask, which kind of 'Dr' are you?
  • #110,034
  • Oct 21, 2020 6:14am Oct 21, 2020 6:14am
Quoting emmanuel7788
{quote} {quote} EURUSD Oct 21 LO1 and the TIMING is right.... {image}

when it did not turn out well, then try again ....

EURUSD Oct 21 M15 with H1 BUEOB

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Oct 21 M15 H1 trader setup 21-10-2020 7-06-16 pm.png Size: 75 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,035
  • Oct 21, 2020 7:23am Oct 21, 2020 7:23am
Quoting emmanuel7788
{quote} #8703 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 ... Last two days Monday and Tuesday were nice, some people trade the Mo Tu candles, Which pair to trade? {image} {image} Do you have a Money Management strategy to trade the Daily? I use %Risk an amount of Money and trade...
EURUSD and GBPUSD Daily Trades

- will be closing these soon and bank-in the profits.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Oct 21 D1 Evo_IX trades 21-10-2020 8-19-03 pm.png Size: 43 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Oct 21 D1 Evo_IX trades21-10-2020 8-20-01 pm.png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,036
  • Oct 21, 2020 7:40am Oct 21, 2020 7:40am
Quoting lddd
{quote} Wrong. Use only 1 pair and stick to it for at least 6 months. Then you hopefully dive through multiple market conditions and get a feeling how price tends to move. {quote} Wrong. The indicator is not what is going to bring you to any level. Actually if you managed to trade your plan for one pair over a good amount of time you may find out that there is no need to have any indicator telling you stories which are already history at the moment you want to enter. Then you may find out that all what really matters is inside you and how YOU react...
Thankyou for reminding me sir.

But i make improvement on how to trade so i dont over trade
Attached Image (click to enlarge)
Click to Enlarge Name: 20a39b8c-656a-4cba-9e89-6c60a543f799.jpg Size: 200 KB
like you can see i got a lot of false signal on H4 so i think i need to make less trade but i need a quality position so im not gonna waste my money on cut loss.
i knew you should close with profit when you can, but in my case, im targeting about 1500 pip per open on GBPUSD since im risking 1% of my balance for each 500 pip, i if i got 1500 pip profit it mean i got profit 3 times of my risk.
  • #110,037
  • Oct 21, 2020 8:19am Oct 21, 2020 8:19am
Quoting Dhanymartin
{quote} Thankyou for reminding me sir. But i make improvement on how to trade so i dont over trade {image}like you can see i got a lot of false signal on H4 so i think i need to make less trade but i need a quality position so im not gonna waste my money on cut loss. i knew you should close with profit when you can, but in my case, im targeting about 1500 pip per open on GBPUSD since im risking 1% of my balance for each 500 pip, i if i got 1500 pip profit it mean i got profit 3 times of my risk.
Just remember losing trades are totally okay. You canīt win every trade.

Donīt think about beeing right or wrong on each particular trade. Do you want to be right, or do you want to be profitable?

"1500 pip per open", what does that mean? Instead of trying to make thousands of pips per trade where 1 Pip = 0.01 cents have you considered just trying to make 1 Pip on average per day but where that 1 Pip equals 1% of your bank roll or more?
  • #110,038
  • Oct 21, 2020 8:42am Oct 21, 2020 8:42am
Quoting Dhanymartin
{quote} you want to make real money? i suggest you to open in H4 TF. if u want more accurate u can identify the current trend with following D1 Trend on TDI. i mean when green line above the red line its up trend so you just need to wait oportunity in H4 to open buy. since ive been calcuulating about what i gonna gain from 1 month earlier and what i found when i follow all the TDI on H4 alone the total pip i got just about 200 pip for clean profit. and also i recomending to use Take Profit so u need to save ur profit, because usually the candle...

Today is a beautiful day...thanks for sharing your wonderful observation and i think this is the kind of stuff that we needed here...especially telling of he strength and weakness of your research...I will try to look for trend from longer time frame and use 4hrs for entry...
  • #110,039
  • Oct 21, 2020 8:55am Oct 21, 2020 8:55am
Quoting lddd
{quote} Just remember losing trades are totally okay. You canīt win every trade. Donīt think about beeing right or wrong on each particular trade. Do you want to be right, or do you want to be profitable? "1500 pip per open", what does that mean? Instead of trying to make thousands of pips per trade where 1 Pip = 0.01 cents have you considered just trying to make 1 Pip on average per day but where that 1 Pip equals 1% of your bank roll or more?
i knew i cant win every trade, but i just filtering my open signal, without filter i can open about 2-4 times in a week.
but with filter maybe i just gonna open 1-2 trade in a week.

yeah i knew there are no holy grail indicator for forex market, so i manage my risk and reward.
like this, i trade in 3 pair, EURUSD, GBPUSD, and AUDUSD.
i set TP for each trade so when im losing, my next winning trade gonna close the loss of the previous trade.

1% Risk Per Open.
im ready to losing 1% of my balance for each 500 pip.
so when i open EURUSD and losing about 500 pip, that mean i loss 1% of my balance, that also happen in GBPUSD, if i lose 1000pip that mean im losing 2% of my balance. This is happen on GBPUSD 1 Oct 2020, even im losing, im not gonna do any emotional trade like i do in the past.

i think usually i gain about 8% in a week, maybe you gonna say thats a small number, yeah you are right, but if im raising my Risk, im not sure am i mentally prepared about what gonna happen next.
The conclusion about what i say from the first is, manage ur risk and reward, manage your mental and dont get emotional when you opening a transaction
Sorry for bad english, i hope you understand what i mean
  • #110,040
  • Oct 21, 2020 9:46am Oct 21, 2020 9:46am
I am forward testing this strategy in the H4 chart. I am trading 28 pairs with this, So far getting mixed results, If you have any recommendations Let me know.

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_3.png Size: 64 KB
MA provides the market's current direction and strength.
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