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Trading Made Simple

  • #114,521
  • Jan 5, 2021 3:12am Jan 5, 2021 3:12am
Quoting jmn5611
{quote} Great question Tekkies. Find a low, follow the bars, if in that swing the high exceeded a recent high, you have a trend. How to exploit that? AB=CD. This works especially well with the TDI because you can trade pullbacks. You can of course also trade breakouts, but you will need to have a deep stop. While your probability of success will be higher, when you do get stopped out, you will feel more pain. Here is what you will need to learn. You make an excel spreadsheet and find out what the average range of a bar is, and then go two standard...
R4M-AverageBarSize indicator...

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File Type: ex4 R4M-AverageBarSize.ex4   69 KB | 327 downloads

@jmn5611 -- your wish (most, but not necessarily all) is my command...

@jmn5611 -- it is a pleasure having you back.
  • #114,522
  • Jan 5, 2021 3:20am Jan 5, 2021 3:20am
Quoting jmn5611
{quote} Great question Tekkies. Find a low, follow the bars, if in that swing the high exceeded a recent high, you have a trend. How to exploit that? AB=CD. This works especially well with the TDI because you can trade pullbacks. You can of course also trade breakouts, but you will need to have a deep stop. While your probability of success will be higher, when you do get stopped out, you will feel more pain. Here is what you will need to learn. You make an excel spreadsheet and find out what the average range of a bar is, and then...
"You make an excel spreadsheet and find out what the average range of a bar is, and then go two standard deviations beyond that."

Yes!! Similar to using %ADR. But your 2 StdDev is more direct, whereas with %ADR that would differ with each timeframe. Same algebra, but the computations are done in a different order.

In fact, if one were fortunate, one might even stumble on an indicator that does that computation for you...
  • #114,523
  • Jan 5, 2021 3:48am Jan 5, 2021 3:48am
Quoting Tekkies
{quote} "you have a trade window open now" Yeh, I know, every time a trader opens a chart, he opens a trade window. It is a easy decision: Consolidation against support, wait for London open. {image}

Simply yes, this Is what happens when Frankfurt and London usually opens..
Even harsher movements during NY one
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  • #114,524
  • Jan 5, 2021 3:56am Jan 5, 2021 3:56am
Quoting Tekkies
{quote Sipping liquor on the beach, sooner or later that liquor turns sour, lover (excluding wife, they are always problematic) becomes a bitch.
That is why you never get one, not getting one is the best risk management a man can do for his life.
At least for the year of 2021 and beyond,
Just enjoy the fruits of great nature but don't sign that paper
  • #114,525
  • Jan 5, 2021 4:41am Jan 5, 2021 4:41am
Quoting Tekkies
{quote} "high win rate tells an experienced analyst that you are using Martingale." Who every said that was thumb sucking. You know BigE mentioned 85%, myself at 86%, Dave at 98%, by what 7788 is posting plus 85% and TMS is not martingale at all. "Traders want to be humans" We are born humans and try to be traders.
You can lose 99 of 100 trades and still make money after 100 trades. (A low winrate)

You can win 99 of 100 trades and still end up losing money. (A high winrate)

Or saying a winrate means 0, zero, nothing, nada, null.

If you were real traders doing this to make money and trade with real money instead of doing „bla bla bla“ here all day log you should know this.

Once again this thread is full of
  • #114,526
  • Jan 5, 2021 4:46am Jan 5, 2021 4:46am
Quoting lddd
{quote} You can lose 99 of 100 trades and still make money after 100 trades. (A low winrate) You can win 99 of 100 trades and still end up losing money. (A high winrate) Or saying a winrate means 0, zero, nothing, nada, null. If you were real traders doing this to make money and trade with real money instead of doing „bla bla bla“ here all day log you should know this. Once again this thread is full of
Is this post of yours, your monthly contribution to that ?
  • #114,527
  • Jan 5, 2021 4:49am Jan 5, 2021 4:49am
Quoting lddd
{quote} You can lose 99 of 100 trades and still make money after 100 trades. (A low winrate) You can win 99 of 100 trades and still end up losing money. (A high winrate) Or saying a winrate means 0, zero, nothing, nada, null. If you were real traders doing this to make money and trade with real money instead of doing „bla bla bla“ here all day log you should know this. Once again this thread is full of
@lddd -- and thank you for contributing more .

@lddd -- among active posters you are #4 on the list -- behind @emmanuel7788, @Tekkies and @DrDick.
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More than any other personality type, this thread (and FF, in general) is full of hypocrites. Just saying...
  • #114,528
  • Jan 5, 2021 5:00am Jan 5, 2021 5:00am
Well I am here for for a long time. Still I haven’t posted so much rubbish and false claims in 11 years like you manage to post in just 1-2 days. This is hard to top, but nice try.
  • #114,529
  • Jan 5, 2021 5:01am Jan 5, 2021 5:01am
Hi,
next time will be better to respect the power of strong support. When I look to the left, candles bounced 4x from the same price.
On 1hour chart I entered at the green line, when TDI crossed, bar closed bellow trending line and 5EMA. The candle before, BEOB, BEEB, looked like a nice setup.
My mistake, bad trade.
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  • #114,530
  • Edited 5:35am Jan 5, 2021 5:14am | Edited 5:35am
Poor old robots4me--so out of it!

One day he says he doesn't trade, and today what does he say?
Quote
I mostly trade without a StopLoss

LOL

Looks like he's gone from half-baked to completely scorched.
To free Gazans of Hamas, use whatever it takes.
  • #114,531
  • Jan 5, 2021 5:24am Jan 5, 2021 5:24am
Quoting lddd
Well I am here for for a long time. Still I haven’t posted so much rubbish and false claims in 11 years like you manage to post in just 1-2 days. This is hard to top, but nice try.
"Still I haven’t posted so much rubbish"

Oh, really? Over 1200 posts and no rubbish? I'll make it easy for you -- please post 3 links to posts that added value to this thread. That's all, just 3. We both know that's not possible because every one of your posts is a complaint about one thing or another. Just like your most recent post. Another complaint -- yet, you don't realize it. That's why hypocrites rarely recognize they are hypocrites. Now -- we are all guilty of hypocrisy -- no doubt about that. Just some more than others...
  • #114,532
  • Jan 5, 2021 5:24am Jan 5, 2021 5:24am
Quoting DrDave
Poor old robots4me--so out of it! One day he says he doesn't trade, and today what does he say? {quote} LOL Looks like he's gone from have baked to completely scorched.
Stop loss is even more important the than initial entries,but whatever.
Markets are always behaving different, only thing can protect you is a SL.. That's how you win this game.
All we can do is just LOL, yup.
  • #114,533
  • Jan 5, 2021 5:25am Jan 5, 2021 5:25am
Quoting pafka
Hi, next time will be better to respect the power of strong support. When I look to the left, candles bounced 4x from the same price. On 1hour chart I entered at the green line, when TDI crossed, bar closed bellow trending line and 5EMA. The candle before, BEOB, BEEB, looked like a nice setup. My mistake, bad trade. {image}
I am in the same stupid trade , but with the GBPUSD . TDI cross , good angle , H4 price action below the 5EMA. but the area 3560 was respected too many times and did not break it...
  • #114,534
  • Edited 5:55am Jan 5, 2021 5:29am | Edited 5:55am
Quoting jmn5611
{quote} Great question Tekkies. Find a low, follow the bars, if in that swing the high exceeded a recent high, you have a trend. How to exploit that? AB=CD. This works especially well with the TDI because you can trade pullbacks. You can of course also trade breakouts, but you will need to have a deep stop. While your probability of success will be higher, when you do get stopped out, you will feel more pain. Here is what you will need to learn. You make an excel spreadsheet and find out what the average range of a bar is, and then go two standard...
I see so many threads saying that a ten pip stop is the same for EUR/USD as GBP/NZD on the M5 TF. I get so irritated by that.
LOL
And the naïve, of course, are none the wiser, and wonder why their stops keep getting hit so often.

Using 10:1 risk:reward results in VERY few hits of SL.

But of course, that goes so far against dogma as to be declared heresy and insanity.
To free Gazans of Hamas, use whatever it takes.
  • #114,535
  • Jan 5, 2021 5:32am Jan 5, 2021 5:32am
Quoting DrDave
{quote} I see so many threads saying that a ten pip stop is the same for EUR/USD as GBP/NZD on the M5 TF. I get so irritated by that. LOL And the naïve, of course, are none the wiser, and wonder why their stops keep getting hit so often. Using 10:1 risk:reward results in VERY few hits of SL. But of course, that goes so far against dogmas as to be declared heresy and insanity.
5:1 is literally the minumum I could find on a good scalpers portfolio.
It always ranges between 5:1 and 10:1.
People are delusional thinking that they can go with 1:1 & 1:2 and become rich or make a lot of money...
Why? Are the markets your little hoe? That obeys your order all the time?
Mega delusional.....
  • #114,536
  • Jan 5, 2021 5:35am Jan 5, 2021 5:35am
Quoting PixelSniper
{quote} Stop loss is even more important the than initial entries,but whatever. Markets are always behaving different, only thing can protect you is a SL.. That's how you win this game. All we can do is just LOL, yup.
"only thing can protect you is a SL."

I said I didn't want to get into a discussion of SL -- but I understand not everyone here is a native English speaker and can read.

As for SL being the only thing to protect you -- well, that's not quite true. A SL is implemented in software, right? What do you think an algorithmic Exit is? Cookie dough? The only difference is one is implemented by your broker's software and the other is implemented by your software.

If you aren't comfortable trading without a SL that's fine. And it's fine to share that you aren't comfortable. But you shouldn't be making pronouncements as though you really understand all the consequences of using or not using SL and the various ways strategies can manage risk. I haven't advocated not using them -- I simply said that I often trade without them. That's all. And I said that in the context of suggesting that software -- i.e. algorithms -- can also be used to detect Exit clues.
  • #114,537
  • Jan 5, 2021 5:49am Jan 5, 2021 5:49am
some people say there are a lot of winning trading systems in FF.
I just say the opposite, There are a lot of losing systems in FF.
People don't understand- after a few winners with the system they think they have a winning trading system.
some people don't understand they have a losing system 2 to 3 years they use their losing system after then they stop using that system.
Most of the popular thread creators don't use their system anymore this is the truth.
MA provides the market's current direction and strength.
  • #114,538
  • Jan 5, 2021 5:54am Jan 5, 2021 5:54am
Quoting toti1985
{quote} I am in the same stupid trade , but with the GBPUSD . TDI cross , good angle , H4 price action below the 5EMA. but the area 3560 was respected too many times and did not break it...
After a strong down move, you should be checking smaller TFs because the "normal" cycling did not occur.

After a down move like with GBPUSD, this often results in the smaller TFs displaying truncated down continuations followed by moving higher to "fill in" those "missing" rallies from the strong down swing.

In addition, keep in mind that after a rather large TF swings down, every subsequent rally must be viewed as an attempt to reverse that big TF.
To free Gazans of Hamas, use whatever it takes.
  • #114,539
  • Jan 5, 2021 5:57am Jan 5, 2021 5:57am
Quoting pafka
Hi, next time will be better to respect the power of strong support. When I look to the left, candles bounced 4x from the same price. On 1hour chart I entered at the green line, when TDI crossed, bar closed bellow trending line and 5EMA. The candle before, BEOB, BEEB, looked like a nice setup. My mistake, bad trade. {image}
What is TMS_V19 showing today?

- a H4 Master Candle
- last week's low
- Trend 2/8 sideways
- Daily TdiC1 is bearish

- so better to have a Plan A and a Plan B when trading H1

- a Plan C for the H4 MC breakout

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Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #114,540
  • Jan 5, 2021 6:00am Jan 5, 2021 6:00am
Quoting lddd
Well I am here for for a long time. Still I haven’t posted so much rubbish and false claims in 11 years like you manage to post in just 1-2 days. This is hard to top, but nice try.
Ouch!!!!
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