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Trading Made Simple

  • #113,461
  • Dec 20, 2020 4:07pm Dec 20, 2020 4:07pm
Attached Image (click to enlarge)
Click to Enlarge Name: REVERSAL bar and candle.png Size: 184 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,462
  • Dec 20, 2020 4:20pm Dec 20, 2020 4:20pm
EURUSD Dec 21 Sunday New Your Open

- there are times, the market gives us a second chance but we have both FEAR and GREED

Attached Image (click to enlarge)
Click to Enlarge Name: EU Dec 21 GAP down 21-12-2020 6-14-49 am.png Size: 290 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,463
  • Dec 20, 2020 4:24pm Dec 20, 2020 4:24pm
Do Not follow TDI blindly

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Dec 21 GAP 21-12-2020 6-23-48 am.png Size: 80 KB


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Click to Enlarge Name: EURGBP Dec 21 H4 GAP 21-12-2020 6-21-38 am.png Size: 81 KB


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Click to Enlarge Name: GBPUSD Dec 21 GAP 21-12-2020 6-22-56 am.png Size: 87 KB


so many things happening!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,464
  • Dec 20, 2020 4:33pm Dec 20, 2020 4:33pm
Quoting emmanuel7788
Do Not follow TDI blindly {image} {image} {image} so many things happening!
looking for a little help here. I'm trying to convert is IC Market time (NY) to Dukascopy. I dont know what time Dukascopy uses. Thanks.
those who can, do. those who cant, talk about those who can
  • #113,465
  • Dec 20, 2020 4:42pm Dec 20, 2020 4:42pm
Quoting emmanuel7788
EURUSD Dec 21 Sunday New Your Open - there are times, the market gives us a second chance but we have both FEAR and GREED {image}
gbp will have gap down. It was expected by many trader. I listen to analyst who said it. Yesterday. After watching BTC chart I was also expecting gap down and recovery.
MA provides the market's current direction and strength.
  • #113,466
  • Dec 20, 2020 6:01pm Dec 20, 2020 6:01pm
Quoting emmanuel7788
EURUSD Dec 21 Sunday New Your Open - there are times, the market gives us a second chance but we have both FEAR and GREED {image}

when you see that the market is being kind and gives you a second chance today, you better take that second chance and make good use of that one and only chance before Christmas.

Go for it!

Make every trade count!


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Click to Enlarge Name: 2R Expectancy.png Size: 128 KB

Your goal is to achieve and maintain a win rate of 65% CONSISTENTLY for 12 consecutive winning months (in a 3 years trading cycle) ... then you will qualify _______________ .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,467
  • Dec 20, 2020 6:09pm Dec 20, 2020 6:09pm
Quoting hasib
{quote} gbp will have gap down. It was expected by many trader. I listen to analyst who said it. Yesterday. After watching BTC chart I was also expecting gap down and recovery.
if you were at the NY 5pm closing on Friday, the last one minute was a very hectic end of day for all GBP pairs and some counters.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,468
  • Dec 20, 2020 6:50pm Dec 20, 2020 6:50pm
EURUSD H4 Monday Dec 21 at Tokyo Open

- with that gap down, I'll wait another 2 H4 then I'll decide what to trade today.

- is H4 the master timeframe in TMS?

Attached Image (click to enlarge)
Click to Enlarge Name: EU H4 V19 at Tokyo Open 21-12-2020 8-46-55 am.png Size: 68 KB

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,469
  • Dec 21, 2020 1:00am Dec 21, 2020 1:00am
Position size question.
If you have 3 targets say 10 25 and 40 pips and you open 1 lot with 3 positions with 10 pips odds are 55% 25 pips 35% and 40 pips 10% how would you best divide your multiples? Given the odds you move SL to BE after 1st target then move SL to 10 pips after 2nd target. What is the ideal position sizing strategy.
  • #113,470
  • Edited 2:50am Dec 21, 2020 1:57am | Edited 2:50am
Hey Tekkies, what happened with EURUSD?? Did someone tell you on Sunday (Oh, was it in a weekend Zoom meeting doing TDA with IMT that only those with special credentials and invitations can join??? LOL) that
"this H4 down swing is TRYING to go into a new down trend with the goal of pulling down H8 and H16"?

Looks like H16 made it down already ...

No absurd mother bar.
No EAs.
No dead animals bouncing.
No knives falling.
Just checking a multi-time frame LAGGING indicator and listening to what it is saying.
To free Gazans of Hamas, use whatever it takes.
  • #113,471
  • Dec 21, 2020 2:23am Dec 21, 2020 2:23am
Quoting Noors
Position size question. If you have 3 targets say 10 25 and 40 pips and you open 1 lot with 3 positions with 10 pips odds are 55% 25 pips 35% and 40 pips 10% how would you best divide your multiples? Given the odds you move SL to BE after 1st target then move SL to 10 pips after 2nd target. What is the ideal position sizing strategy.
Position Size depends on the initial SL of the pair, the ATR H4 if you are day trading with H1 and M15, the trade setup and the price action where you would consider for the SL.

Today trade GBPJPy, Frankfurt Open hour momentum trade.

- quick take profits TP1 +10pips, TP2 +15 pips, TP3 +20 pips and remaining pos stopped out +2pips by the pull back

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Dec 21 FO MOMO trade 21-12-2020 4-16-56 pm.png Size: 29 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,472
  • Dec 21, 2020 2:39am Dec 21, 2020 2:39am
Quoting DrDave
Hey Tekkies, what happened with EURUSD?? Did someone tell you on Sunday (Oh, was it in a weekend Zoom meeting doing TDA with IMT that only those with special credentials and invitations can join??? LOL) that "this H4 down swing is TRYING to go into a new down trend with the goal of pulling down H8 and H16"? Looks like H16 made it down already ... No absurd mother bar. No EAs. No dead animals bouncing. No knives falling. Just checking a a multi-time frame LAGGING indicator and listening to what it is saying.
Price happened to EURUSD, Dave.
  • #113,473
  • Dec 21, 2020 2:40am Dec 21, 2020 2:40am
Quoting Noors
Position size question. If you have 3 targets say 10 25 and 40 pips and you open 1 lot with 3 positions with 10 pips odds are 55% 25 pips 35% and 40 pips 10% how would you best divide your multiples? Given the odds you move SL to BE after 1st target then move SL to 10 pips after 2nd target. What is the ideal position sizing strategy.

here is an example using ATR H4 for SL

this example is when someone sell 2 positions on Dec 17 @1.2227 and held the positions over the weekends floating in losses...
and the market was kind to return back to the level 1.2227 not once but twice for him to breakeven.... lot of FEAR and GREED in trader's mind.

As it was discussed in yesterday zoom session, most members unanimously agreed - Plan A would be to cut losses. Simple decision because the H4 PA was above its 5EMA and the Weekly Trend 2/8 still bullish and the TDIC1 Daily was also bullish on Friday.

Plan B - to look for recovery trade after the cut loss.

If holding on to those sell positions for profit, then H4 2 x ATR (-56pips) would be the worst case SL. -56pipos would be used for the Position Sizing of the 2 positions. And the market did not hit that SL.
Now we can see if 1 xATR profit +56pips would bring a +1R trade.

Attached Image (click to enlarge)
Click to Enlarge Name: EU Dec 17 sell 12227 EPSLTP 21-12-2020 4-29-03 pm.png Size: 74 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,474
  • Dec 21, 2020 2:42am Dec 21, 2020 2:42am
Quoting gatorinla
{quote} looking for a little help here. I'm trying to convert is IC Market time (NY) to Dukascopy. I dont know what time Dukascopy uses. Thanks.
Ask these guys, Gatorinla
Post 1
  • #113,475
  • Dec 21, 2020 2:46am Dec 21, 2020 2:46am
Quoting emmanuel7788
{quote} here is an example using ATR H4 for SL this example is when someone sell 2 positions on Dec 17 @1.2227 and held the positions over the weekends floating in losses... and the market was kind to return back to the level 1.2227 not once but twice for him to breakeven.... lot of FEAR and GREED in trader's mind. As it was discussed in yesterday zoom session, most members unanimously agreed - Plan A would be to cut losses. Simple decision because the H4 PA was above its 5EMA and the Weekly Trend 2/8 still bullish and the TDIC1 Daily was also bullish...
EU Dec 17 sell @1.2227

if Dec 17 sell positions were based on H1 ATR 13 pips and 2x13pips for the SL,

then the trades would have hit the - 26pips and in using Positions Sizing the loss would be just the %risk of money.

the problem why many traders lose money is when trading with fixed lot size and do not use proper risk management.

Attached Image (click to enlarge)
Click to Enlarge Name: EU Dec 17 H1 hit SL 21-12-2020 4-43-53 pm.png Size: 80 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,476
  • Dec 21, 2020 2:49am Dec 21, 2020 2:49am
Quoting Tekkies
{quote} Ask these guys, Gatorinla Post 1

Too late! Tekkies.

you are still a laggard.

he already got the answers 8 hours ago.

https://www.forexfactory.com/thread/...5#post13322375
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,477
  • Dec 21, 2020 2:54am Dec 21, 2020 2:54am
Quoting Tekkies
{quote} Price happened to EURUSD, Dave.

Tell us how did you feel when you see the EU open gap down at NY Sunday 5PM.

I post it here :
https://www.forexfactory.com/thread/...6#post13322236

and here:
https://www.forexfactory.com/thread/...8#post13322348



Attached Image (click to enlarge)
Click to Enlarge Name: EU Dec 21 GAP down 21-12-2020 6-14-49 am.png Size: 290 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,478
  • Dec 21, 2020 2:59am Dec 21, 2020 2:59am
Anyone that has spent much time poking around in this thread has seen this image (too) many times.
Attached Image
When you look at it, remember that even a stopped clock displays the correct time twice a day ...

A properly functioning clock has hands that PROGRESS. Give that some thought with your "trend" time frames and you will realize that the "master" TF is not fixed, as the ignorant would like you to believe.
To free Gazans of Hamas, use whatever it takes.
  • #113,479
  • Dec 21, 2020 3:08am Dec 21, 2020 3:08am
Quoting Tekkies
{quote} Price happened to EURUSD, Dave.
It sure did. And when we find the control TF and then move with the focus TF as it moves, we have our trade plans prepared in advance to capitalize accordingly.

And as also stated on Sunday,
"Take note that Brexit is an UNUSUAL event. Therefore, some UNUSUAL and erratic behavior can appear,"
so no shock that we had an "unusual event" at this week's open that magnified the EXPECTED down move on EURUSD.
To free Gazans of Hamas, use whatever it takes.
  • #113,480
  • Dec 21, 2020 3:10am Dec 21, 2020 3:10am
Quoting DrDave
Hey Tekkies, what happened with EURUSD?? Did someone tell you on Sunday (Oh, was it in a weekend Zoom meeting doing TDA with IMT that only those with special credentials and invitations can join??? LOL) that "this H4 down swing is TRYING to go into a new down trend with the goal of pulling down H8 and H16"? Looks like H16 made it down already ... No absurd mother bar. No EAs. No dead animals bouncing. No knives falling. Just checking a multi-time frame LAGGING indicator and listening to what it is saying.

You are in the wrong thread.

There is no H8 and H16 in the Op Big E Trading Made Simple 5-Method.
Big E did not talked your TDA with IMT nonsense "this H4 down swing is TRYING to go into a new down trend with the goal of pulling down H8 and H16"? Looks like H16 made it down already ..." .
What Big E wishes were many. One of his many wishes is for traders to make the transition to trade the 4hr during the London session and also to trade the Daily. He did that with his USD10,000 account and I believe at that time in 2010 his FXDD broker offered 1:100 leverage.
You have take his advice in his Post$647 and go back babypips.com and learn the basic forex stuff like big candles, small candles, consolidation, reversals, support and resistance, etc.
Also use google with keywords "dead cat bounce" and "falling knife', and you will find good explanation what stock traders like Big E would also know how to trade these dead cat bounce and falling knife.

Have Fun DrDick.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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