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Trading Made Simple

  • #113,561
  • Dec 21, 2020 9:56am Dec 21, 2020 9:56am
Quoting PixelSniper
Hey people, at what time do you stop day trading? London close? Asian Opening? I check out for the movements only after Frankfurt session opens for example and kinda don't wanna be in after london session is over plus couple of hours have passed. Some traders are trading the HK50 and Nikkei during asian session, gold too. But since we focus on currencies mostly, I guess it's better to sleep on asian session.
South Africa time, fit nicely to Frankfurt Open until New York Open plus two three houers.
----
Trade any session where there is a validated TDI setup on timeframe of preferences.
  • #113,562
  • Dec 21, 2020 10:00am Dec 21, 2020 10:00am
Quoting Tekkies
{quote} South Africa time, fit nicely to Frankfurt Open until New York Open plus two three houers. ---- Trade any session where there is a validated TDI setup on timeframe of preferences.
TDI no, Mental Entries yes
  • #113,563
  • Dec 21, 2020 11:33am Dec 21, 2020 11:33am
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.
Brokers don’t give a shit about your 0.10 lot stop loss orders you did set.
  • #113,564
  • Dec 21, 2020 11:35am Dec 21, 2020 11:35am
Quoting lddd
{quote} Brokers don’t give a shit about your 0.10 lot stop loss orders you did set.
People are trading with 50.00 lots on gold and making money.Broker does not give a damn about those entries either.
Literally, there are people opening 5x 50 lots in the same quarter hour.
  • #113,565
  • Dec 21, 2020 11:38am Dec 21, 2020 11:38am
Quoting PixelSniper
{quote} People are trading with 50.00 lots on gold and making money.Broker does not give a damn about those entries either.
Don‘t tell me :-) It still seems to be a
common myth that as soon as your stop loss is reached it must be the broker that is against you...
  • #113,566
  • Dec 21, 2020 11:39am Dec 21, 2020 11:39am
Quoting lddd
{quote} Don‘t tell me :-) It still seems to be a common myth that as soon as your stop loss is reached it must be the broker that is against you...
Only the trader can ruin himself, no one else :-)
You got rekt by sudden news? Still.. no good money management then etc.
  • #113,567
  • Dec 21, 2020 11:48am Dec 21, 2020 11:48am
Hello guys,
would you be so kind to comment this trade? According to me, it is a perfect setup.
Today, GBP/USD 15 min, long.
TDI cross at good angle, even yellow 200 SMA line crossing . Stoch confirmed.
About PA. Previous 2 candles - Motherbar and Innerbar (possible trend change). Both has been broken through. Also counting fifth bar for trend change.No wick at the bottom of entry bar.
Again the trade - downtrend.
Thank you



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  • #113,568
  • Dec 21, 2020 11:54am Dec 21, 2020 11:54am
Quoting lddd
{quote} Brokers don’t give a shit about your 0.10 lot stop loss orders you did set.
Agree boss. Having no sl is not what I prefer. But everyone has their own way.
MA provides the market's current direction and strength.
  • #113,569
  • Edited 12:46pm Dec 21, 2020 12:00pm | Edited 12:46pm
Quoting pafka
Hello guys, would you be so kind to comment this trade? According to me, it is a perfect setup. Today, GBP/USD 15 min, long. TDI cross at good angle, even yellow 200 SMA line crossing . Stoch confirmed. About PA. Previous 2 candles - Motherbar and Innerbar (possible trend change). Both has been broken through. Also counting fifth bar for trend change.No wick at the bottom of entry bar. Again the trade - downtrend. Thank you {image}
Yeah it was relatively a good setup..
The same one happened on EURUSD as well, nearly at the same time, why would you scope on GBPUSD at first point? Yeah it's a major too but, I kinda find EURUSD stop loss placements better & lighter, GBPUSD is a bit wilder, it trends stronger than eurusd and harder to catch the swings & reversals as far as I noticed.
And from the pic you posted I can see that you are willing to trade swings & reversals, so..
GBPUSD has a range of 153 daily pips, whereas EURUSD is with 67.. I think it is pretty straightforward which is more dangerous and can easily take out the SL's
I see the similiar problem with the GBP/JPY traders, first they get hyped up make some money and then it's all crash & burn down the road..
Haven't found a portfolio or a stacked up trader with GBP/JPY trades up all the way yet..
It could be though for day trading, long term trades yeah you can trade anything.
  • #113,570
  • Dec 21, 2020 12:16pm Dec 21, 2020 12:16pm
Quoting hasib
{quote} Agree boss. Having no sl is not what I prefer. But everyone has their own way.
I wouldn’t prefer it either. Limiting your risk on a trade is essential.
  • #113,571
  • Dec 21, 2020 12:27pm Dec 21, 2020 12:27pm
Let's refresh our basic

Inserted Video
MA provides the market's current direction and strength.
  • #113,572
  • Dec 21, 2020 1:11pm Dec 21, 2020 1:11pm
Quoting emmanuel7788
{quote} @Tekkies You intentionally read the wrong post and make it looks like that TE you photosphop edited to be mine. You should be careful what you try to do to mislead people here/ I did not trade GBPJPY in 2018 TMS EVO. It was EURUSD only. You use another member' TE that's is barloc in his Post#786. {image} mine is Post#785 link correctly:https://www.forexfactory.com/thread/...0#post11834080 {image}
Even better.
Show the readers where you were 12 consecutive months profitable with that TE.
You post stuff you yourself can not achieve.
===
Yes I did and deleteted those post's.
So sue me.
  • #113,573
  • Dec 21, 2020 1:29pm Dec 21, 2020 1:29pm
Quoting lddd
{quote} I wouldn’t prefer it either. Limiting your risk on a trade is essential.
You prefer neither because your not a trader.
MA provides the market's current direction and strength.
  • #113,574
  • Dec 21, 2020 1:58pm Dec 21, 2020 1:58pm
Quoting pafka
Hello guys, would you be so kind to comment this trade? According to me, it is a perfect setup. Today, GBP/USD 15 min, long. TDI cross at good angle, even yellow 200 SMA line crossing . Stoch confirmed. About PA. Previous 2 candles - Motherbar and Innerbar (possible trend change). Both has been broken through. Also counting fifth bar for trend change.No wick at the bottom of entry bar. Again the trade - downtrend. Thank you {image}
As long as you have provided for the possibility of this counter-trend rally not going very far up before the down continuation kicks in, then the trade decision was fine.

Personally, because at your entry bar the m30 had just turned up AND the H1 LAGGING indicator provides support under that entry bar, it would be worth the risk to me.
To free Gazans of Hamas, use whatever it takes.
  • #113,575
  • Dec 21, 2020 2:02pm Dec 21, 2020 2:02pm
Quoting Tekkies
{quote} Even better. Show the readers where you were 12 consecutive months profitable with that TE. You post stuff you yourself can not achieve. === Yes I did and deleteted those post's. So sue me.
Show the readers where you were 12 consecutive months profitable with that TE. You post stuff you yourself can not achieve.

Let's try this again ...

It's
......NOT
..........GOING
..............TO HAPPEN!!

He would be exposed as a fraud and charlatan.
To free Gazans of Hamas, use whatever it takes.
  • #113,576
  • Dec 21, 2020 2:09pm Dec 21, 2020 2:09pm
Quoting PixelSniper
{quote} GBPUSD is a bit wilder, it trends stronger than eurusd and harder to catch the swings & reversals as far as I noticed. And from the pic you posted I can see that you are willing to trade swings & reversals, so.. GBPUSD has a range of 153 daily pips, whereas EURUSD is with 67.. I think it is pretty straightforward which is more dangerous and can easily take out the SL'strading.

GBPUSD trading environment vs EURUSD trading environment
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  • #113,577
  • Dec 21, 2020 2:12pm Dec 21, 2020 2:12pm
Quoting DrDave
{quote} EURUSD now at a juncture of PRICE AND TIME for a breather on H1. Oh, wait! Maybe I better check the D1 TF to see on which side of the ema5 the HA bar has closed. Errr, or maybe it should be the H4 TF. Oh, or maybe I need to look for a MASTER CANDLE. Or maybe for a reversal bar. Or maybe a Ross Hook! And let's not forget about consulting an EA to tell us what to do! WOW! SO much CLUTTER that the ToxicFakeTrader has dumped into this thread to bring confusion to the detriment of so many readers. His BEGINNER'S 65% success rate after dealing...
EURUSD now at a juncture of PRICE AND TIME for a breather on H1
Ohhhh, what is that in the blue zone on the EURUSD m15? Looks like where the H1 took a breather before continuing up and turning up H4!

Trading Made Simple with IMT.
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To free Gazans of Hamas, use whatever it takes.
  • #113,578
  • Dec 21, 2020 2:19pm Dec 21, 2020 2:19pm
Going down?
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  • #113,579
  • Dec 21, 2020 2:46pm Dec 21, 2020 2:46pm
who trade gu up today. I miss it. I thought enough is happened today, now the market will take a rest. But
GU and S&P move very nicely towards the upside.
Do you know the reasoning behind this up move.
MA provides the market's current direction and strength.
  • #113,580
  • Dec 21, 2020 3:28pm Dec 21, 2020 3:28pm
Quoting hasib
who trade gu up today. I miss it. I thought enough is happened today, now the market will take a rest. But GU and S&P move very nicely towards the upside. Do you know the reasoning behind this up move.
GU and FTSE are amigos, S&P are distant cousin.

Bulls and Bears are the 'reasons' market move up and down. Only the pigs get slaughtered.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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