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Trading Made Simple

  • #113,701
  • Dec 22, 2020 10:20am Dec 22, 2020 10:20am
Quoting DrDave
{quote} Although I agree with W. D. Gann's assessment that every market/instrument is unique and has its own "rhythm", so should be studied in order to benefit from knowledge of this rhythm.
Yes, I'm willing to operate on majors as well mostly,
BUT.

Maybe It is possible to ''cheat'' the cross pairs mathematically, let's say if the same pair is overbought for 2 hours on the 1M&5M TF etc.

GBPAUD for example
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  • #113,702
  • Dec 22, 2020 10:24am Dec 22, 2020 10:24am
Quoting kirinda
{quote} I have stopped to think by trade to trade basis. It's a psychological trick. So I doesn't get upset about losing trades or break even. One thing that make me upset is if I doesn't follow my trading plan 100%. For example today the price hit my SL at BE. I did see the price turn downward so I could taken a few pips but then I would have broken my trading plan. I would have feel bad even I got some pips.
One thing that make me upset is if I doesn't follow my trading plan 100%.
If you are an R:R zealot and your trading plan is set-and-foget, then you are one of the VERY FEW that has R:R statistics that actually mean anything! Congratulations for your discipline.
To free Gazans of Hamas, use whatever it takes.
  • #113,703
  • Dec 22, 2020 10:28am Dec 22, 2020 10:28am
Quoting PixelSniper
{quote} Yes, I'm willing to operate on majors as well mostly, BUT. Maybe It is possible to ''cheat'' the cross pairs mathematically, let's say if the same pair is overbought for 2 hours on the 1M&5M TF etc. GBPAUD for example {image}
Yes indeed, that is doable. But it takes a bit more work for my analysis, and because my life does not revolve around trading, I have other things higher on my priority list than cross pairs.
To free Gazans of Hamas, use whatever it takes.
  • #113,704
  • Dec 22, 2020 10:35am Dec 22, 2020 10:35am
Quoting DrDave
{quote} EURUSD H1 TDI Sell setup in eleven minutes is looking good for a few solid pips. Did I tell you an hour ago to hold on because the bias is still down? But BE CAREFUL, because my "serious wrong concept about the market" may lead to your demise.
The smaller TFs painting the H8 down CONTINUATION swing now, as EXPECTED and noted previously.

Trading Made Simple with IMT.
To free Gazans of Hamas, use whatever it takes.
  • #113,705
  • Dec 22, 2020 10:52am Dec 22, 2020 10:52am
4 Signs that Say You’re Ready for Full-Time Forex Trading

1. You have enough capital
2. You have tried and tested other methods and strategies
3. You have spent a considerable amount of time trading LIVE.
4. Forex trading is your passion

Full article is here.

Enjoy ...
To free Gazans of Hamas, use whatever it takes.
  • #113,706
  • Dec 22, 2020 11:00am Dec 22, 2020 11:00am
Quoting DrDave
4 Signs that Say You’re Ready for Full-Time Forex Trading 1. You have enough capital 2. You have tried and tested other methods and strategies 3. You have spent a considerable amount of time trading LIVE. 4. Forex trading is your passion Full article is here. Enjoy ...
Probably won't even. Got good job offers in a field that I also like.
But does not stop me from keep learning,watching the markets is just way too good.
  • #113,707
  • Dec 22, 2020 11:05am Dec 22, 2020 11:05am
Quoting DrDave
{quote} I have focused on EURUSD lately simply because it is what Tekkies is trading, and Tekkies TE is the center of attention these days. I trade mostly GBPUSD and EURUSD, but also some other major pairs. If you put EURUSD and GBPUSD charts side-by-side, you can see some interesting deviations in price movements that are easy to capitalize on with IMT. I prefer pairs that have currencies with the largest average daily trade volumes. In the IMT thread, you see a variety of pairs that I analyzed. Many of those I never trade; I posted those analyses...
Ssssh. Do not even whisper V-lines, you will upset Emmanuel.
  • #113,708
  • Dec 22, 2020 11:09am Dec 22, 2020 11:09am
I've screened the EURUSD chart for the last two days, full sessions excluding the asian one.
Everytime there was a dangerous level being tested, I've speculated what could happen next.
Suprisingly, they turn out to be exactly what I think.. Is it posib to do mental trading?
I think it is essential when scalping, you must be real carefull and speculate a lot the very few next movements.
I'm talking about speculating the next 5 or 15 minutes, that's about it. Maybe an hour.
Do you guys think it is really possible to get the ''market feeling'' ?
I try to paint the next movements in my mind and on the chart, so speculating.

Frankly I'll be honest, I always placed my IRL physical trades with my ''guesses and feelings''
But they were super simple ones, like BTC would rebound from 3.5k to some higher price, USDTRY would spike up even more, Gold&Silver would rush higher cauz Covid-19 etc.
And they turned out to be good, lol.

Some traders claim to make money with just ''guessing'' so called ''feeling'' you know.
  • #113,709
  • Dec 22, 2020 11:24am Dec 22, 2020 11:24am
Quoting PixelSniper
I've screened the EURUSD chart for the last two days, full sessions excluding the asian one. Everytime there was a dangerous level being tested, I've speculated what could happen next. Suprisingly, they turn out to be exactly what I think.. Is it posib to do mental trading? I think it is essential when scalping, you must be real carefull and speculate a lot the very few next movements. I'm talking about speculating the next 5 or 15 minutes, that's about it. Maybe an hour. Do you guys think it is really possible to get the ''market feeling'' ? I...
Yes, Sniper I do.
Why?
BigE has mentioned >study old TDI cross over on old chart"< a few times in different post's
Here is one Post#7593
Here it is 4am and everyone is sleeping.... as you should be on Saturday morning.....
PLEASE TAKE THIS TO HEART... IT'S IMPORTANT TO YOUR SUCCESS
Study old 4hr charts. LOOK FOR ALL THE TRADES THAT WOULD HAVE BEEN SUCCESSFUL.
Now study each one... TDI angle, how close to s/r, 68 coming down or 32 going up, could you get in on candle 1 or 2......
This will pay you big time if you do this faithfully. Do it for a year minimum........
You will teach yourself what to look for before placing a trade...

That "feeling" you mention is the subconscious mind that kick in when it see a profitable candle pattern (which you don't) because somewhere in the past that very same pattern lead to a profitable trade.
  • #113,710
  • Dec 22, 2020 11:26am Dec 22, 2020 11:26am
Quoting Tekkies
{quote} Yes, Sniper I do. Why? BigE has mentioned >study old TDI cross over on old chart"< a few times in different post's Here is one Post#7593 Here it is 4am and everyone is sleeping.... as you should be on Saturday morning..... PLEASE TAKE THIS TO HEART... IT'S IMPORTANT TO YOUR SUCCESS Study old 4hr charts. LOOK FOR ALL THE TRADES THAT WOULD HAVE BEEN SUCCESSFUL. Now study each one... TDI angle, how close to s/r, 68 coming down or 32 going up, could you get in on candle 1 or 2...... This will pay you big time if you do this faithfully. Do it...
That is the reason I'm willing to focus on only one or two pair in the market.
If we screen enough and adapt eventually we will evolve to live in that environment.
Bad examples to evolution theory by Sniper, sorry for that :-)
  • #113,711
  • Dec 22, 2020 11:41am Dec 22, 2020 11:41am
Quoting Tekkies
{quote} Ssssh. Do not even whisper V-lines, you will upset Emmanuel.
I know it is risking him having another mental blow out, considering the HUGE disappointment when the GAP went your way, and now today you keep on harvesting those green pips while he struggles to get enough winners to maintain that abysmal 65% BEGINNER'S success rate.
To free Gazans of Hamas, use whatever it takes.
  • #113,712
  • Dec 22, 2020 11:43am Dec 22, 2020 11:43am
Quoting PixelSniper
I've screened the EURUSD chart for the last two days, full sessions excluding the asian one. Everytime there was a dangerous level being tested, I've speculated what could happen next. Suprisingly, they turn out to be exactly what I think.. Is it posib to do mental trading? I think it is essential when scalping, you must be real carefull and speculate a lot the very few next movements. I'm talking about speculating the next 5 or 15 minutes, that's about it. Maybe an hour. Do you guys think it is really possible to get the ''market feeling'' ? I...
Do you guys think it is really possible to get the ''market feeling'' ?
According to W. D. Gann, yes, it is, and he considered it essential to successful trading.
To free Gazans of Hamas, use whatever it takes.
  • #113,713
  • Dec 22, 2020 3:03pm Dec 22, 2020 3:03pm
Quoting hasib
{quote} I have read your thread too. Because I want to learn more and become a better person than yesterday. If you know what is Fractals you did not say this. a coder can say fractals can repaint but a trader can't see this because the trader knows what is it. I know what is fractals so I know fractals can't repaint. Learn more read more and watch videos. you will overcome those conceptual problems.
I know what is fractals so I know fractals can't repaint.

@hasib

You are correct.

The price fractals on price chart remains the same.

People looking at charts simply need to be patient and let the market do what it wants then see the highs and the lows , then they will see the price fractals.

You do not need any technical indicators to do the painting for you.

Nicolas Darvas did not use any technical indicator. He trade using paper and pencil. He draw boxes on the price on paper. He has simple rules for trading.

https://www.investopedia.com/article...darvas-box.asp

Who is Nicolas Darvas?
He was a ballroom dancer.
https://en.wikipedia.org/wiki/Nicolas_Darvas
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,714
  • Dec 22, 2020 3:06pm Dec 22, 2020 3:06pm
No Context
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  • #113,715
  • Dec 22, 2020 3:18pm Dec 22, 2020 3:18pm
Quoting DrDave
{quote} I know it is risking him having another mental blow out, considering the HUGE disappointment when the GAP went your way, and now today you keep on harvesting those green pips while he struggles to get enough winners to maintain that abysmal 65% BEGINNER'S success rate.
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starting out ... you should make 2Rs for every R you risked... if you follow the same setup and the same risk every day ... you will collect many 2Rs ... in 12 months you will count the number of setups and the total number of 2Rs wins and 1R losses.

If you struggle at 45% win rate and you were consistent with a 45% win rate, I have a solution which a trading coach taught me 20 years ago to turn that 45% to 55% and to 65%. It had worked for me and then I work on to grow that 65% to 70%, then to 80% and even reached 90% at certain times of the market. But 65% is the consistent % level to achieve and maintain. Never let this 65% slip away.

I know you can do it too.

But, if you are in the BEGINNERS category, you will have a lot more learning to do.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,716
  • Dec 22, 2020 3:20pm Dec 22, 2020 3:20pm
Quoting DrDave
{quote} Do you guys think it is really possible to get the ''market feeling'' ? According to W. D. Gann, yes, it is, and he considered it essential to successful trading.

Who is W.D Gann?

https://www.investopedia.com/article...nd-wd-gann.asp

Do you believe in him?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,717
  • Dec 22, 2020 3:21pm Dec 22, 2020 3:21pm
Quoting PixelSniper
No Context {image}

you did not include Big E.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,718
  • Dec 22, 2020 3:24pm Dec 22, 2020 3:24pm
Quoting emmanuel7788
{quote} you did not include Big E.
RIP. Sorry for that, totally forgot
  • #113,719
  • Dec 22, 2020 3:28pm Dec 22, 2020 3:28pm
Quoting Tekkies
{quote} Yes, Sniper I do. Why? BigE has mentioned >study old TDI cross over on old chart"< a few times in different post's Here is one Post#7593 Here it is 4am and everyone is sleeping.... as you should be on Saturday morning..... PLEASE TAKE THIS TO HEART... IT'S IMPORTANT TO YOUR SUCCESS Study old 4hr charts. LOOK FOR ALL THE TRADES THAT WOULD HAVE BEEN SUCCESSFUL. Now study each one... TDI angle, how close to s/r, 68 coming down or 32 going up, could you get in on candle 1 or 2...... This will pay you big time if you do this faithfully. Do it...

That "feeling" you mention is the subconscious mind that kick in when it see a profitable candle pattern (which you don't) because somewhere in the past that very same pattern lead to a profitable trade.

Attached Image

and one of those pattern in the past is BEEOB and BUEOB REVERSAL candles with APB/HA candles background support and lead to 65% of profitable trade.

Thanks to Big E for his system development approach which he only briefly talked about in his old thread. He did not provide any material resources which he used in his system development but I managed to find that on my own.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,720
  • Dec 22, 2020 3:36pm Dec 22, 2020 3:36pm
Quoting PixelSniper
{quote} RIP. Sorry for that, totally forgot
pick keyword(s) from his all time favourite puzzle piece #495

Starting out you should be 60-65% successful. Within 1 to two months you should be 70-80% successful.. IF... you follow the simple rules and simple exits... 3-6 months... 85% successful. Don't complicate it... keep it simple. Buy your wheel barrow..

my choice pick is

...IF...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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