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Trading Made Simple

  • #113,481
  • Dec 21, 2020 3:11am Dec 21, 2020 3:11am
Going down?
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  • #113,482
  • Dec 21, 2020 3:13am Dec 21, 2020 3:13am
The Swing Scalpers Dream
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  • #113,483
  • Dec 21, 2020 3:15am Dec 21, 2020 3:15am
Quoting DrDave
{quote} 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.
Does not matter is is Brexit, or Covid-19 or if Boris Johnson resigned, etc.

Big E already mentioned in one of his many of his posts ( some call them his "wishes" ) LOL..

Selling EU @1.2227 on Dec 17 M1/M5 or M15/M30 ... without stop loss is gambling. Therefore let's all deposit USD10,000 and be like Big E.... his Las Vegas fun and entertainment money.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,484
  • Dec 21, 2020 3:21am Dec 21, 2020 3:21am
Quoting emmanuel7788
{quote} 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...
Neither did BigE talked about Watchdog, monitor, p-slop, c-slop, dead cat bounce, falling knifes.
He posted about green cross red, angle of green, stoch confirm direction, close to support/resistance, Hh/Hl/Hl.

You are in the wrong thread with your way of trading.
Have some cuts, open a thread of your own, link a running TE to that thread and walk the bullshit you post.
  • #113,485
  • Dec 21, 2020 3:23am Dec 21, 2020 3:23am
Quoting Tekkies
Going down? {image}

Going down? Are you sure?

Just a price action at today Day Open and previous price action.

Trading Made Simple is about how to trade price action with good fundamental understanding of Post #261 and Post#647. It should not be euphoria and rash behvaiour looking at price movement ... going up and going down ...

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,486
  • Dec 21, 2020 3:25am Dec 21, 2020 3:25am
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.
You can find trading hours under the links.

Forex/CFD ECN Account:

https://www.dukascopy.com/swiss/engl...accounts/link/

MT4 accounts:

https://www.dukascopy.com/swiss/engl.../mt4-accounts/
  • #113,487
  • Dec 21, 2020 3:29am Dec 21, 2020 3:29am
Quoting Tekkies
{quote} Neither did BigE talked about Watchdog, monitor, p-slop, c-slop, dead cat bounce, falling knifes. He posted about green cross red, angle of green, stoch confirm direction, close to support/resistance, Hh/Hl/Hl. You are in the wrong thread with your way of trading. Have some cuts, open a thread of your own, link a running TE to that thread and walk the bullshit you post.

Neither did BigE talked about Watchdog, monitor, p-slop, c-slop, dead cat bounce, falling knifes.
He posted about green cross red, angle of green, stoch confirm direction, close to support/resistance, Hh/Hl/Hl.

How much can Big E talk about in 463 posts? You can't be serious.

He was very sick then and he died. If he was well in 2011 and still active trading, he would have learn the work and contributions of other traders like plamendp, arbinka, dcginc, X-Man, LE1, medh343, ... we all would become much better traders over the years from 2012 till now 2020.

no need to start another TMS thread in FF. Too many TDI threads already. If you want to, then you can start your M15H1 thread. You have your TE and people can see how you trade and your trading temperament is shown in your TE Trade List.

Next would be the resumption of trading TMS with Money Management strategy MEME in 2021 and more traders will learn trading MM with MEME and hopefully they can develop further and lead to another next evolution of Trading Made Simple #2617.


coming up next!

stay tuned!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,488
  • Dec 21, 2020 3:41am Dec 21, 2020 3:41am
Quoting emmanuel7788
{quote} Does not matter is is Brexit, or Covid-19 or if Boris Johnson resigned, etc. Big E already mentioned in one of his many of his posts ( some call them his "wishes" ) LOL.. Selling EU @1.2227 on Dec 17 M1/M5 or M15/M30 ... without stop loss is gambling. Therefore let's all deposit USD10,000 and be like Big E.... his Las Vegas fun and entertainment money. {image}
Many traders will not agree with me but its my style, i also dont believe in stop loss because brokers and MM are too big to wipe your sl wether it is on swings.i belive in basket trading or hedge and recover as early as possible in a matter of 1-2 days of DD.
  • #113,489
  • Dec 21, 2020 3:49am Dec 21, 2020 3:49am
Quoting T4Trade
{quote} Many traders will not agree with me but its my style, i also dont believe in stop loss because brokers and MM are too big to wipe your sl wether it is on swings.i belive in basket trading or hedge and recover as early as possible in a matter of 1-2 days of DD.
Only 1 out of 50 skilled retail traders make money with hedging. This statistics might be inaccurate but that's what the information I got from two big different brokers.
Rest go with swing trades & reversal scalps. The big money makers are these guys, scalpers go with tight sl 15-30pips / 3-4-5$ on gold etc.
Swing boys pick up previous cleared breakout points to put sl etc etc.
The risk is always represented, whole thing is about reducing your risk and increasing your chances to win when placing your trade..
E.G. you can go with a 10-15 pip SL if you aren't really buying that '' extrem overbought level '' but go with a 20pip one if you really think it is the extrem condition etc etc...
With hedging or martingaling, you'll need a real good and big account otherwise your initial entries will always be small and you won't be making much money unless you are living in a 3rd world country, also people think it's easy, trust me martingale & hedging requires more skill than regular trading.
  • #113,490
  • Dec 21, 2020 3:53am Dec 21, 2020 3:53am
Quoting emmanuel7788
{quote} Going down? Are you sure? Just a price action at today Day Open and previous price action. Trading Made Simple is about how to trade price action with good fundamental understanding of Post #261 and Post#647. It should not be euphoria and rash behvaiour looking at price movement ... going up and going down ... {image}
No problem.
(In case Emmanuel is looking at the chart, a detail explaining is required, he would not understand "Going down"
Price is doing a TDI set up on M5:
- Green cross red
- How does the momentum look right now (12-2, 4-6)
- Does Stoch's confirm the TDI signal
Apply post#647 by looking at:
- How close am I to the previous high or lo
- Am I in an uptrend or downtrend.. short & long term...
- Am I in or close to a consolidation area
- Are the previous candles small...
- Look at the candles on the last reversal... big, little, what
include Pay attention to previous swings (# of candles) and your current support and resistance levels
What did price do everyday since trading have started way back in the past?
Price did this: "going up" or "going down"
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Emmanuel grow up.
  • #113,491
  • Dec 21, 2020 3:58am Dec 21, 2020 3:58am
Quoting T4Trade
{quote} Many traders will not agree with me but its my style, i also dont believe in stop loss because brokers and MM are too big to wipe your sl wether it is on swings.i belive in basket trading or hedge and recover as early as possible in a matter of 1-2 days of DD.
No problem with no stop loss in your system strategy as long as your goals are met. No one but you needs to give approval to YOUR system.

I routinely trade with risk: reward of 10:1 and at times even higher! Many people consider that as absurd. It works for me, so really, their opinion of something that they have not even tried has no merit.
To free Gazans of Hamas, use whatever it takes.
  • #113,492
  • Dec 21, 2020 3:58am Dec 21, 2020 3:58am
Quoting Tekkies
{quote} No problem. (In case Emmanuel is looking at the chart, a detail explaining is required, he would not understand "Going down" Price is doing a TDI set up on M5: - Green cross red - How does the momentum look right now (12-2, 4-6) - Does Stoch's confirm the TDI signal Apply post#647 by looking at: - How close am I to the previous high or lo - Am I in an uptrend or downtrend.. short & long term... - Am I in or close to a consolidation area - Are the previous candles small... - Look at the candles on the last reversal... big, little, what include...
You are gambling with just that 2 posts of 463 posts and that is your #463# limitation.

We will know it in the next 12 months. You will grow UP in 12 months and the market will be your teacher.

People will learn to be patient and see what happens in the coming 12 months.

They want to see 12 months consistency they have seen what I did here.

https://www.forexfactory.com/thread/...0#post11834080

All I need to do is be DISCIPLINED to be CONSISTENT.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,493
  • Dec 21, 2020 4:01am Dec 21, 2020 4:01am
Quoting DrDave
{quote} No problem with no stop loss in your system strategy as long as your goals are met. No one but you needs to give approval to YOUR system. I routinely trade with risk: reward of 10:1 and at times even higher! Many people consider that as absurd. It works for me, so really, their opinion of something that they have not even tried has no merit.
5:1 and 10:1 is the absolute R:R good traders go with.. I've simulated so many winning portfolios to realize this.
I guess the main idea is just, the markets ping pong all the time.. so let it win for you, haha.
You also let your trade breath a bit and dodge unusual movements etc etc..
  • #113,494
  • Dec 21, 2020 4:06am Dec 21, 2020 4:06am
Quoting T4Trade
{quote} Many traders will not agree with me but its my style, i also dont believe in stop loss because brokers and MM are too big to wipe your sl wether it is on swings.i belive in basket trading or hedge and recover as early as possible in a matter of 1-2 days of DD.

when you say stop loss you refer to placing hard stop loss in your broker, right?

I believe in basket trading using a pool of currency pairs. I "hedge" too but I do not open buy and sell positions in the same account.

I hold positions for weeks not days and I trade in 20-trading days cycles not follow calendar months.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,495
  • Dec 21, 2020 4:07am Dec 21, 2020 4:07am
Quoting Tekkies
{quote} No problem. (In case Emmanuel is looking at the chart, a detail explaining is required, he would not understand "Going down" Price is doing a TDI set up on M5: - Green cross red - How does the momentum look right now (12-2, 4-6) - Does Stoch's confirm the TDI signal Apply post#647 by looking at: - How close am I to the previous high or lo - Am I in an uptrend or downtrend.. short & long term... - Am I in or close to a consolidation area - Are the previous candles small... - Look at the candles on the last reversal... big, little, what include...
He has trouble understanding that change comes from the bottom up. He insists on looking at the big TFs, like the D1, and seeing that the HA bar is closed on whichever side of the EMA5 sets the trade direction. LOL. The guy is so lost.

He has no clue about the focus TF, and his "master" TF is the wrong TF nearly all the time.

He is stuck with the stopped clock that is at least correct twice a day. The rest of the day, it's just one big guess for him. It's a wonder that he has even made up to the BEGINNER'S 65% success rate!
To free Gazans of Hamas, use whatever it takes.
  • #113,496
  • Dec 21, 2020 4:11am Dec 21, 2020 4:11am
Quoting emmanuel7788
{quote} 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.
You are right, today, Just one-day GU took last week low. Banks are closed but Gu is going down. Last January 2020 gu don't move well. Probably January 2021 it will move more.
S&P is going down, I will look for a buying opportunity in the NY session.
Today I sell gold, I have got a very nice profit, I close the trade a little early I miss 300 pips. If I could hold this trade for 20minutes more I could have gained a large profit.
what I have got in gold is a good profit too.
MA provides the market's current direction and strength.
  • #113,497
  • Dec 21, 2020 4:16am Dec 21, 2020 4:16am
2 trade took in gold one is lose 30 pips, one is profit 80 pips. I miss 300 pips.
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MA provides the market's current direction and strength.
  • #113,498
  • Dec 21, 2020 4:17am Dec 21, 2020 4:17am
Quoting emmanuel7788
{quote} You are gambling with just that 2 posts of 463 posts and that is your #463# limitation. We will know it in the next 12 months. You will grow UP in 12 months and the market will be your teacher. People will learn to be patient and see what happens in the coming 12 months. They want to see 12 months consistency they have seen what I did here. https://www.forexfactory.com/thread/...0#post11834080 All I need to do is be DISCIPLINED to be CONSISTENT.
Is that all you can show Emmanuel? a Link to the past.
Where is the running TE linked to the present chart's you post everyday here?
Reader's want to see some supporting prove, not cherry pick complete trades in hindsight.
Cut the crap Emmanuel, stop bickering, stop running around in circles, open Trade Explorer as per Post 113,380
  • #113,499
  • Dec 21, 2020 4:19am Dec 21, 2020 4:19am
Quoting DrDave
{quote} He has trouble understanding that change comes from the bottom up. He insists on looking at the big TFs, like the D1, and seeing that the HA bar is closed on whichever side of the EMA5 sets the trade direction. LOL. The guy is so lost. He has no clue about the focus TF, and his "master" TF is the wrong TF nearly all the time. He is stuck with the stopped clock that is at least correct twice a day. The rest of the day, it's just one big guess for him. It's a wonder that he has even made up to the BEGINNER'S 65% success rate!
You are ignorant what Tekkies posted. You still have no clue. Be patient, you will know in 12 months that you succeed in keeping Tekkies in the same deep failure pit you are in for 9 years.

H4 - The master time frame in Trading Made Simple
see his post
https://www.forexfactory.com/thread/...43#post8835743

You are blind leading the blind in this thread making false claims BEGINNER'S 65% success rate.
Your TDI with IMT win rate 98.9% is useless when your lost is -2.3% times your small wins ~0.0%. It is the same snake oil salesman pitch promising high win rates near 100%.

Anyway, you are a good story spinner just like all the snake oil salesman we know.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,500
  • Dec 21, 2020 4:22am Dec 21, 2020 4:22am
Quoting hasib
{quote} You are right, today, Just one-day GU took last week low. Banks are closed but Gu is going down. Last January 2020 gu don't move well. Probably January 2021 it will move more. S&P is going down, I will look for a buying opportunity in the NY session. Today I sell gold, I have got a very nice profit, I close the trade a little early I miss 300 pips. If I could hold this trade for 20minutes more I could have gained a large profit. what I have got in gold is a good profit too.

today is like a clearing house ... its pre-Christmas shopping.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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