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Trading Made Simple

  • #112,801
  • Dec 9, 2020 2:54pm Dec 9, 2020 2:54pm
Its the same...

AUDUSD M15 with H1

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD M15 with H1 10-12-2020 4-51-48 am.png Size: 47 KB


take five, win 3 lose 2 > that's 60:40

the rest is %risk money, Position Size , Exits%, etc.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,802
  • Dec 9, 2020 7:08pm Dec 9, 2020 7:08pm
AUDUSD Dec 10 H1 Tokyo 10AM

- price action

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Dec 10 H1 Price Action at TOKY01 10-12-2020 9-04-59 am.png Size: 34 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,803
  • Dec 9, 2020 7:10pm Dec 9, 2020 7:10pm
AUDJPY Dec 10 H1 Tokyo 10AM

- price action

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Dec 10 H1 price action TOK01 10-12-2020 9-08-55 am.png Size: 27 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,804
  • Dec 9, 2020 7:19pm Dec 9, 2020 7:19pm
Quoting Tekkies
{quote} Emm Do you know of a trading group for ZAR South Africa

@Tekkies

back to your old request in 2016,

I have now an ex-colleague who moved to Pretoria 2 years ago , he is also retired and has been trading for more than 20 years.

Do you want to trade with him in a group?
I know he trade with USD300,000.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,805
  • Dec 9, 2020 7:45pm Dec 9, 2020 7:45pm
Quoting hasib
{quote} Hi Tekkies it is nice to see your Trade report in FF. I see you performing well. But I also see you face Large DD around 48%. Don't you think it is a very large DD. are you working on it to improve it. If you're working on improving it already can you share some of your ideas on how you improve it?
Hey hasib

Large DD around 48%.

- in system development we must also include the system drawdown DD but do not look at short term DD so early just with 10 trades.
- look at the DD at intervals of 100 trades, then 200 trades,.... till the first completed 1,000 trades.
- know the DD amount and more important is the DD duration of the system
- next, is the recovery period from the DD
- if the system has a robust recovery strategy and tested for DD of 10&, 20%, 30% and so on, I would feel comfortable with DD recovery strategy
- the DD you see in MT4 Trade Report is not a best to consider, you need to look at the trading style if the trader is hedging with buy and sell in that same account, and if the trader is trading with multiple positions for the same signal. etc. many factors to consider when you forward test any trading system.
- in any case, the amount of money a trader deposit in his broker trading account is not the full 100% of their business capital,

Let's look at Big E, he deposit USD10,000 into his FXDD broker account and that USD10,000 is not his full trading capital, could be just 2-3%, .
When he risk 15% to 30% of that USD10,000 per trade and trading full standard lots, then if he suffers a 50% DD, that will not hurt him and he can then top up to USD10,000 again and continue with his Las Vegas trading.

Time will reveal, so be patient wait, sit back then do quarterly review.

Trade Safe!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,806
  • Dec 9, 2020 8:00pm Dec 9, 2020 8:00pm
Hey guys,

I have now read through the Best of Big E PDFs twice. I've applied his method in live trading and I can say it works and it works very well. I have made over 20 trades so far mainly on hourly charts and I think this is the first system I have tested so far that is so consistent.

So far I have been trading without using Stoch as I saw that Big E said that it's not required and you can trade this method without it.

Now I'm looking at introducing the Stoch indicator into my trading. On TradingView which stoch indicator are you using and what settings are you guys using?

I'm currently using the Lazy Bear TDI indicator as recommended by Trekkies.
  • #112,807
  • Dec 9, 2020 8:03pm Dec 9, 2020 8:03pm
TMS Monitor Tokyo 11AM

- M15 and H1 signals ... pick the best from your own experience

- your trading hours?

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Mon m15 and H1 Tokyo 1100AM 10-12-2020 10-00-32 am.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,808
  • Dec 9, 2020 8:17pm Dec 9, 2020 8:17pm
Quoting Sunfrog
Hey guys, I have now read through the Best of Big E PDFs twice. I've applied his method in live trading and I can say it works and it works very well. I have made over 20 trades so far mainly on hourly charts and I think this is the first system I have tested so far that is so consistent. So far I have been trading without using Stoch as I saw that Big E said that it's not required and you can trade this method without it. Now I'm looking at introducing the Stoch indicator into my trading. On TradingView which stoch indicator are you using and what...

When you have finished reading the two pdf Best of Big E I and II,

and when you have questions, please be active in this thread, post charts and ask any questions here.

If you want more examples, follow the OP post advice:

#336
Those wanting more examples go to Forum: Commercial, then Craig Harris Stochastics Method... then start reading on page 246, post 3676 to the end... you will learn more fast... We switched from there to only discuss this method in the new forum...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,809
  • Dec 9, 2020 11:08pm Dec 9, 2020 11:08pm
Hi guys, you can watch this video. I hope you could learn something new.


Inserted Video
MA provides the market's current direction and strength.
  • #112,810
  • Dec 9, 2020 11:41pm Dec 9, 2020 11:41pm
When day trading GBPUSD M15 any day, the wider the Asian high-low (aka Tokyo channel) the better.

Learning from the good old days of Big E

-----------------------------------------------------------------------------------------------------------------------
PipCop... The wider the Tokyo Channel the better your swings. By all means keep trading buddy.


Kolvekal...

As I said a few posts back he uses the fractals only for a visual identification where the tops and bottoms of the swings were. Did you notice his resist/support lines for the swings too. That indicator is in this thread if you want to use that.

He looks for his stoch lines to be at a 12-2 or 4-6 angle. Nothing is perfect all the time in the forex for sure. If it is correct 70-80% of the time... that gives you the Traders Edge which is so important when trading. If your using good money management rules, follow the system rules... you should be successful. Look how well PipTalk did his first week a couple of posts above. He increased his account size 12%!


It's impossible to see the clock angles until the trade gets going. You have to look at the reversal lines that are either hooking down or up to know the reversal is in progress or is about to start happening.

This style of trading does not fit everyones personality... and that's ok. With systems that work... if it fits, wear it. In years past I've used good systems but they just didn't fit my personality and so I got rid of them while others loved them.

If you have more questions, please ask.
Thanks.
Big E

-----------------------------------------------------------------------------------------------------------------------
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,811
  • Dec 9, 2020 11:50pm Dec 9, 2020 11:50pm
I check my alerts every 15 mins when I am looking for trade setup.

When the M15 candle closes the H1 candle, I will know if there is my favourite setup with price action and MOMENTUM.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Mon Dec 10 M15 and H1 10-12-2020 1-45-14 pm.png Size: 45 KB


My favourite setups posted here:

https://www.forexfactory.com/thread/...5#post13305405

https://www.forexfactory.com/thread/...4#post13305414

https://www.forexfactory.com/thread/...8#post13305418

https://www.forexfactory.com/thread/...1#post13305401
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,812
  • Dec 9, 2020 11:56pm Dec 9, 2020 11:56pm
GBPUSD M15

Those who are trading GBPUSD M15 everyday, check out this post #97 and #148

You wont regret reading this old posts and add some good trading tips by the OP Big E.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,813
  • Dec 10, 2020 12:01am Dec 10, 2020 12:01am
Quoting emmanuel7788
GBPUSD M15 Those who are trading GBPUSD M15 everyday, check out this post #97 and #148 You wont regret reading this old posts and add some good trading tips by the OP Big E.

Not LO , but its Tokyo 1500H

M15 close H1

Attached Image (click to enlarge)
Click to Enlarge Name: 10-12-2020 2-00-11 pm.png Size: 84 KB

antipasto?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,814
  • Dec 10, 2020 12:14am Dec 10, 2020 12:14am
Quoting emmanuel7788
{quote} Not LO , but its Tokyo 1500H M15 close H1 {image} antipasto?
AU Dec 10 M15 H1 Price Action

Attached Image (click to enlarge)
Click to Enlarge Name: AU M15 H1 10-12-2020 2-11-15 pm.png Size: 47 KB


AJ Dec 10 M15 H1 Price Action

Attached Image (click to enlarge)
Click to Enlarge Name: AJ M15 H1 10-12-2020 2-11-49 pm.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,815
  • Edited 1:21am Dec 10, 2020 1:04am | Edited 1:21am
Doing Review end of the session and end of the day is important.
Dr.Brett N. Steenbarger Recommends doing a Trading review every day every week and every month.

I am lazy I don't do Pre-market analysis, I don't do Post market trade analysis.
I don't do Trade by Trade Review. I don't do through process analysis. That is why I could not reach my goal yet.
I have to do all of this to understand and learn from my mistake. I make mistake I am not Robot.

edit- Dr.Brett N. Steenbarger also recommends identify your strong or good decisions point too.
I think I make one good decision that is exiting the last trade all candles are going flat.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_3.png Size: 87 KB
MA provides the market's current direction and strength.
  • #112,816
  • Dec 10, 2020 1:09am Dec 10, 2020 1:09am
Quoting emmanuel7788
{quote} keep on doing your system development and forward testing. which system development handbook/s do you use and follow?
Hi EM, I watch Dr.Brett N. Steenbarger Video. I am learning and developing my self by watching his video and lecture.

Is there any System Development HandBook, I don't know it yet. Can you recommend me a HandBook.
MA provides the market's current direction and strength.
  • #112,817
  • Dec 10, 2020 1:14am Dec 10, 2020 1:14am
Quoting emmanuel7788
{quote} @Tekkies back to your old request in 2016, I have now an ex-colleague who moved to Pretoria 2 years ago , he is also retired and has been trading for more than 20 years. Do you want to trade with him in a group? I know he trade with USD300,000.
I Don't know about Tekkies but If you give me this offer to follow a trader like this. I will take this opportunity as Life changing opportunity.
That old trader has many many many knowledge that are not written in any trading book.
MA provides the market's current direction and strength.
  • #112,818
  • Dec 10, 2020 1:26am Dec 10, 2020 1:26am
This is the system, a big thank u, i used it to scalp in 1 hr and came out a winner, opened trade whn the green crosses red on the first candle and exited at the 3 rd candle. superv
  • #112,819
  • Dec 10, 2020 1:48am Dec 10, 2020 1:48am
Quoting hasib
{quote} I Don't know about Tekkies but If you give me this offer to follow a trader like this. I will take this opportunity as Life changing opportunity. That old trader has many many many knowledge that are not written in any trading book.

I did join a live trading group way back in the mid-90s and learn a lot from experienced traders and learn things you don't get to read and learn from books.

The thought process of those traders and their composure when they are trading is unbelievable. Taking losses did not hurt them nor caused them any stress.... always relax and composed.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,820
  • Dec 10, 2020 1:48am Dec 10, 2020 1:48am
This good one I missed today...

GBPCAD M15 H1 Dec 10

- see how nice that M15 close the H1 candle!
and the overall price action and S&R.


Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD Dec 10 missed M15 with H1 10-12-2020 3-42-25 pm.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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