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Trading Made Simple

  • #113,321
  • Dec 18, 2020 4:28am Dec 18, 2020 4:28am
Quoting T4Trade
{quote} i want to learn money mgmt ,please teach me if anyone has got any good strategy or technique,thanks
You're asking in the wrong thread. This is the thread about BigE's 5-method, not about learning money management. There are PLENTY of threads for that topic. Go find one of those.
To free Gazans of Hamas, use whatever it takes.
  • #113,322
  • Dec 18, 2020 4:28am Dec 18, 2020 4:28am
Quoting Tekkies
{quote} You left out: Post#1..... I only trade 1hr charts during the 1st 3 hours of the USA OPEN..............

You ignore these facts :-
1) that he did not trade M15H1 VLine
2) he would exit his trades with capital protection when price pull back on his entries
3) he did not hold H1 trades for 24 hours
4) he would not hold positions knowing the market liquidity would not be suitable and he knows those hours
5) he traded with USD10,000 and with FXDD his leverage was 100:1 but today it is 50:1
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,323
  • Dec 18, 2020 4:29am Dec 18, 2020 4:29am
Quoting Tekkies
{quote} You left out: Post#1..... I only trade 1hr charts during the 1st 3 hours of the USA OPEN..............
Sadly, not only does he leave out important things that BigE presented, he ADDS THINGS that BigE said DO NOT ADD ANYTHING!!

But hey, when the guy is dead, it's easy for the ToxicFakeTrader to disrespect him.
To free Gazans of Hamas, use whatever it takes.
  • #113,324
  • Dec 18, 2020 4:53am Dec 18, 2020 4:53am
Quoting DrDave
{quote} You are wrong.
DrDave trade explorer:
Attached Image (click to enlarge)
Click to Enlarge Name: DrDave.png Size: 81 KB
  • #113,325
  • Dec 18, 2020 4:57am Dec 18, 2020 4:57am
Quoting T4Trade
{quote} i want to learn money mgmt ,please teach me if anyone has got any good strategy or technique,thanks
You can read this: https://2ndskiesforex.com/trading-st...-risk-of-ruin/
  • #113,326
  • Dec 18, 2020 4:59am Dec 18, 2020 4:59am
Quoting DrDave
{quote} You're asking in the wrong thread. This is the thread about BigE's 5-method, not about learning money management. There are PLENTY of threads for that topic. Go find one of those.
hey FakeDr @MOSTTOXIC_FakeGuru @DrDick

You are in the wrong thread.

Your own thread direction link is > { here }
https://www.forexfactory.com/thread/...5#post13283245

You should go back to your own thread and respond to anyone who barely post there. Your thread has died!

and you abandoned your own thread.

You should ask Twee to send your failed trading system to { here }.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,327
  • Dec 18, 2020 5:06am Dec 18, 2020 5:06am
Quoting kirinda
{quote} DrDave trade explorer: {image}
Obviously his TDA with IMT system failed.

He is holding on to his GBPUSD sell positions for 38 weeks, that look like he is a long term investor in GBP and not a trader.

Attached Image (click to enlarge)
Click to Enlarge Name: FakeDrDave TE 18-12-2020 7-01-59 pm.png Size: 52 KB

creator of Top Down Analysis with Intrinsic Market Timing is rubbish and not fit to be posting here.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,328
  • Dec 18, 2020 5:11am Dec 18, 2020 5:11am
Quoting kirinda
{quote} DrDave and Tekkies trade explorer show good examples why you always MUST use stop loss.
Depends on how you look at the charts.
Trade taken on M1 with M5 confirming direction.

> Google search indicate that there as many traders for / against using stop loss. It always remain as your choice.
> "MUST" is the wrong word to use. recommend / advisable in my option would be better.

Where would you have placed a stop loss? > At level 1.216009 or 1.21548 (Yellow trend lines)
You miss out on profitable trade at 1.212391 (Blue trend line)

Reason for loss was following price to close with a stop loss (Aqua trend line) which I started to use when price bumped against resistance at 1.221056
(look at D1 round about Feb 2018)
Had set take profit at level at 1.21244 (Lime trend line)

I screwed up and payed the broker.
M15H1 is rock solid
Me, not so much.
Attached Image (click to enlarge)
Click to Enlarge Name: stoplossss.PNG Size: 56 KB
  • #113,329
  • Dec 18, 2020 5:13am Dec 18, 2020 5:13am
Quoting toti1985
{quote} Hello Emm, What is your view for today ? it seems that the USD is going stronger (except the EUR , still there is uptrend on 4h chart ) Will be a reversal day today or it will be just a retracement ? What u think ?
today is the last day for many fund managers and they start winding down from the festive holidays next week.

expect more unusual price behaviour next week and the following weeks when markets will have shorter trading hours.

the TDI green cross red will kill more accounts in the next two weeks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,330
  • Dec 18, 2020 5:23am Dec 18, 2020 5:23am
Quoting Tekkies
{quote} Depends on how you look at the charts. Trade taken on M1 with M5 confirming direction. > Google search indicate that there as many traders for / against using stop loss. It always remain as your choice. > "MUST" is the wrong word to use. recommend / advisable in my option would be better. Where would you have placed a stop loss? > At level 1.216009 or 1.21548 (Yellow trend lines) You miss out on profitable trade at 1.212391 (Blue trend line) Reason for loss was following price to close with a stop loss (Aqua...
I have been here for 6 years and I have seen many trade explorer that do not use stop loss. In the end all crash but they looks impressive until they crash. Where you put your stop loss doesn't have anything with discusses to do. Stop loss for me means less stress and that you can control and measure your risk:reward.
  • #113,331
  • Dec 18, 2020 5:24am Dec 18, 2020 5:24am
Hi

Something to be aware of depending how you trade.

Today is quadruple witching.

Read : Witching hour / Double witching / Triple witching / Quadruple witching.

This may or may not impact your trading depending on what/how/when you trade today.

Perhaps you should keep in mind in future.

Trade well / Mos
Don't limit yourself!!
  • #113,332
  • Dec 18, 2020 5:27am Dec 18, 2020 5:27am
Quoting kirinda
{quote} I have been here for 6 years and I have seen many trade explorer that do not use stop loss. In the end all crash but they looks impressive until they crash. Where you put your stop loss doesn't have anything with discusses to do. Stop loss for me means less stress and that you can control and measure your risk:reward.
Post 113,330: It always remain as your choice.
  • #113,333
  • Dec 18, 2020 5:28am Dec 18, 2020 5:28am
Quoting DrDave
{quote} Sadly, not only does he leave out important things that BigE presented, he ADDS THINGS that BigE said DO NOT ADD ANYTHING!! But hey, when the guy is dead, it's easy for the ToxicFakeTrader to disrespect him.
@DrDick -- the shit delivery boy. Funny guy -- and weren't you the one who first mocked BigE's death? Tsk, tsk -- I certainly wouldn't want to be in your shoes when karma hits the fan...
  • #113,334
  • Edited 6:11am Dec 18, 2020 5:36am | Edited 6:11am
Quoting mosiskv
Hi Something to be aware of depending how you trade. Today is quadruple witching. Read : Witching hour / Double witching / Triple witching / Quadruple witching. This may or may not impact your trading depending on what/how/when you trade today. Perhaps you should keep...
Witching hour / Double witching / Triple witching / Quadruple witching.
Now you say we have to fight them as well?
Attached Image
  • #113,335
  • Dec 18, 2020 5:38am Dec 18, 2020 5:38am
Quoting Tekkies
{quote} Depends on how you look at the charts. Trade taken on M1 with M5 confirming direction. > Google search indicate that there as many traders for / against using stop loss. It always remain as your choice. > "MUST" is the wrong word to use. recommend / advisable in my option would be better. Where would you have placed a stop loss? > At level 1.216009 or 1.21548 (Yellow trend lines) You miss out on profitable trade at 1.212391 (Blue trend line) Reason for loss was following price to close with a stop loss (Aqua...

hey Tekkies

when you trade, how far left do you look at for the previous price action and support and resistance>

here is my chart at the same time where you took that sell entry which is against the price action , TDI and Stoch.

you screw UP big time!

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies 113,330 EU chart18-12-2020 7-23-11 pm.png Size: 278 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EU Dec 15 M15 Tekkies 18-12-2020 7-34-25 pm.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,336
  • Dec 18, 2020 5:42am Dec 18, 2020 5:42am
Quoting Tekkies
{quote} Witching hour / Double witching / Triple witching / Quadruple witching. Now you say we have to fight them as well? {image}
I probably the only one that understood the text in that image
  • #113,337
  • Dec 18, 2020 5:50am Dec 18, 2020 5:50am
Quoting kirinda
{quote} I probably the only one that understood the text in that image
Hi

NO - BUT in my continent/country it may be deemed inappropriate(racist) by some.

Let's leave it at that.

Trade well / Mos
Don't limit yourself!!
  • #113,338
  • Dec 18, 2020 5:56am Dec 18, 2020 5:56am
Quoting emmanuel7788
{quote} hey Tekkies when you trade, how far left do you look at for the previous price action and support and resistance> here is my chart at the same time where you took that sell entry which is against the price action , TDI and Stoch. you screw UP big time! {image} {image}
Post 113,330 Trade taken on M1 with M5 confirming direction.

Wake up!!!!!!
  • #113,339
  • Dec 18, 2020 6:10am Dec 18, 2020 6:10am
Quoting kirinda
{quote} I probably the only one that understood the text in that image
https://www.reddit.com/r/translator/...translate_the/
  • #113,340
  • Dec 18, 2020 6:14am Dec 18, 2020 6:14am
Quoting Tekkies
{quote} Post 113,330 Trade taken on M1 with M5 confirming direction. Wake up!!!!!!

Hey Tekkies

It is you who need to wake from your dream before it turn into your worst nightmare.

study your own chart again and my comments.

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies 113,330 EU chart18-12-2020 7-23-11 pm.png Size: 278 KB

my chart with HA candles, 5EMA, Stoch and TDI.

Attached Image (click to enlarge)
Click to Enlarge Name: EU Dec 15 M15 Tekkies 18-12-2020 7-34-25 pm.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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