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Trading Made Simple

  • #114,761
  • Jan 7, 2021 2:06pm Jan 7, 2021 2:06pm
Quoting Divergence
So i havent posted in this ridiculous thread for 1 year and now its morphed into this. Trading made ridiculous would be the actual name for this thread
@Divergence -- yep, thanks to dudes like you. Brilliant post -- thanks for your ridiculous -- oops, I mean valuable -- contribution...

It's so weird -- guys posting ridiculous comments complaining about others guys' ridiculous comments...
  • #114,762
  • Jan 7, 2021 2:13pm Jan 7, 2021 2:13pm
Quoting Divergence
So i havent posted in this ridiculous thread for 1 year and now its morphed into this. Trading made ridiculous would be the actual name for this thread
It's green crossing red, and everything is already explained within the very few first pages.
What else do you wanna discuss?
That is why people are opening different topics,or discussing extra approaches. Since the owner of city is nowhere around, It's just like a street bazaar, with stealth vendors and people willing to discuss trading ideas or just trade.
  • #114,763
  • Jan 7, 2021 4:34pm Jan 7, 2021 4:34pm
Quoting PixelSniper
{quote} Big BS I call, men have bigger brain mass and world best traders were always men. {quote} You can also go ahead and google worlds best traders. Also, evolution made men to cultivate and expand their mind more and more, but women mostly don't need to do that, since there is a man to provide and do it for her. But yes, a womans abilities can surpass a mans abilities, if she works hard but this is not the most likely scenario,because again evolution kicks in. And please don't bring those fake news mainstream media reports that are telling women...
Too much MGTOW pixel. Get a girlfriend.
If you are good at something, never do it for free--Joker
  • #114,764
  • Edited 5:39pm Jan 7, 2021 4:36pm | Edited 5:39pm
Quoting jmn5611
{quote} Too much MGTOW pixel. Get a girlfriend.
Hmm,had to go google that one,don't have time to know about it right now.
It sounds very stupid,why would I wanna waste my time with MGTOW, feminism or whatever?
Most importantly why would I wanna separate myself from women while they provide lots of fun?
Is this what you read on the Internet?
My mind is enough,to take decisions.
And no, I don't have to get another girlfriend.
In fact, I like women.Personally I don't even wanna imagine a world without them, holy snap! It would be so boring!
There I changed my profile picture to one, She looks great. :-)
Now I'm a female too, I guess.
Attached Image
  • #114,765
  • Jan 7, 2021 5:19pm Jan 7, 2021 5:19pm
Quoting emmanuel7788
{quote} Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts. Thank you Big E for your Post#281 {image}
EURUSD Friday Jan 08 ...

- trade plan for Tokyo 5hour,
- sell at the CONFLUENCE of several ' resistance ... when the buying stops, it will create resistance '.

Attached Image (click to enlarge)
Click to Enlarge Name: EU Jan 08 H4 V19 Tokyo 0815am 8-1-2021 7-13-44 am.png Size: 77 KB

yesterday was just M15H1 scalping,

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Jan 07 scalps 8-1-2021 7-12-55 am.png Size: 34 KB


Trade Well Folks. Stay Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #114,766
  • Jan 7, 2021 5:30pm Jan 7, 2021 5:30pm
GBPUSD Jan 08 H4 view with Weekly outlook

- today is simply wait and see till NY closes at its usual 5pm EST.

- the Weekly tells its story

- then we do our weekend homework and be prepared for the week following next week

- also do the same WTDA for TMS MEME, study EURUSD and EURGBP, and prepare for our Brexit 2021 trade plan IX Q1.

Attached Image (click to enlarge)
Click to Enlarge Name: GU Jan 08 H4 V19 w WCC 8-1-2021 7-24-12 am.png Size: 84 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #114,767
  • Jan 7, 2021 5:53pm Jan 7, 2021 5:53pm
Quoting pafka
{quote} Hi Tekkies, I know exactly what you are trying to tell me, no offence. I appreciate any input, that would help me to make a step ahead in this business. You follow what BigE has posted in this thread, not Emmanuel, not Tekkies, or any other member. Believe me, I am reading every single post from BigE, checking every training chart. And reading and checking again. First "preparation" - Is there a TDI setup -- Green cross red, -- Angle of TDI green. - Does Stoch confirm the direction. I can not agree more. The question for me is, why Green...
Hi pafka

Mental strategies is something not discussed in this thread and not in trading forums. In forums a lot of about the trading methodology, trading systems, etc.
One of the development of mental strategies is how to shut out the noise around you. You hear the noise, but you have to have a way not the noise affect you when you are trading. I have a mentor who was there to guide me for 3 years and I have developed the mental fitness to trade in all market type conditions and not let the noise affect the way I think and trade.

Back to some chartist technicals about how I read and interpret Big E' Post#647, I am not sure if you read this old post. {here }
https://www.forexfactory.com/thread/...1#post10585151

This week Bitcoin exploded and if you bought in 2017 @avg$, ... my grandchildren' piggy banks got very fat.
Now we prepare for Brexit trading plan-IX 2021-2023 (3 years)
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #114,768
  • Jan 7, 2021 6:22pm Jan 7, 2021 6:22pm
Quoting eelfranz
Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are in your favor. Why? Because I'm expecting 3-8 candles... which is average... With bounce trades the odds are lower for your success... but it still works. When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: 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...
Post#647:
"...
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
..."

what are big candles, small candles,.....

Other than WCC and WRB, there are a few other price bar patterns which I use. These are also big candle and small candles by BIG E definition.
BEOB/BUOB
BUEB/BUEB
DBHLC/DBLHC
IB/DIB
PB
MC[3].
Just these few which are most common and do not overwhelm yourself with more than these few. Keep It Simple.

Of course, WCC is by member strat in his thread. You see WCC too on all price charts including Big E TMS charts. How you look at WCC and how you trade is the same how Big E traded big candles and small candles during his time. Can you say WCC is not TMS?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #114,769
  • Jan 7, 2021 6:30pm Jan 7, 2021 6:30pm
EU H1 buyers and sellers - Jan 08

- get out when you can? ... FEAR and GREED!

- cut-losses and plan your next trades

Attached Image (click to enlarge)
Click to Enlarge Name: EU Jan 08 H1 get out when you can 8-1-2021 8-24-09 am.png Size: 84 KB



Solve this Puzzle : <52,26,13,40,20,10,5,16,8,4,2,1>
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #114,770
  • Jan 7, 2021 7:05pm Jan 7, 2021 7:05pm
Friday Jan 08 Tokyo 10:00am

EURUSD sell market @1.2257

pending sell limit 1.2276
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #114,771
  • Jan 7, 2021 8:52pm Jan 7, 2021 8:52pm
Quoting PixelSniper
My mind is enough,to take decisions.
Well, while you are Googling, you might want to Google:

Dunning Kruger

Based on your recent postings, it could be of great benefit to you. Just because your mind alone is enough to take decisions and all that.
If you are good at something, never do it for free--Joker
  • #114,772
  • Jan 7, 2021 9:13pm Jan 7, 2021 9:13pm
Quoting jmn5611
{quote} Well, while you are Googling, you might want to Google: Dunning Kruger Based on your recent postings, it could be of great benefit to you. Just because your mind alone is enough to take decisions and all that.
"The psychological phenomenon of illusory superiority was identified as a form of cognitive bias in Kruger and Dunning's 1999 study "Unskilled and Unaware of It: How Difficulties in Recognizing One's Own Incompetence Lead to Inflated Self-Assessments".

"Colloquially, people experiencing this bias are said to be "on Mount Stupid".
https://en.wikipedia.org/wiki/Dunnin...20of%20ability.

My life now comes into focus -- the Dunning–Kruger effect explains everything. The view from Mount Stupid is beyuuuutiful! @jmn5611 -- thank you!!
  • #114,773
  • Jan 7, 2021 9:15pm Jan 7, 2021 9:15pm
Quoting PixelSniper
{quote} At first, I thought about the same.. focusing on 1 pair and learning It's overall nature is pretty logical. But then I decided It is also a good Idea to watch 1 or 2 more market, It can keep your brain working and fresh. To be honest, It's more fun too. Watching 5-6 or 10 currency pair does not make much sense to me,they mostly move based on Euro,Dollar,GBP and move together. But,watching the markets that nearly has It's own unique nature, such as OIL,Gold,Us Stocks,Hk Index etc, makes sense to me. And also, you can have more oppurtunities...
my take on this is sticking to one pair is enough and good to begin with a strategy. My strategies on live acc only trade 2. My dad has retired and trades only HSI yet earning enough to sustain retirement life.

Besides distraction, it seems some strategies work better on specific pairs due to the “traits” of the currencies. Volatility, tendency on continuation/reversal after spikes, active hours, are all a bit different for each pair. The expectancy of the same strategy can be very different or even go negative when switched to a new pair. My philosophy is one can earn enough with one approach, one market, and good control of FOMO. So as Bitcoin is rocketing, I wouldnt suddenly start trading crypto.

In future when I am fluent with the current strategies, only then I will start considering a new strategy or trade a new pair. Or.... just scale up would be a feasible approach too.
  • #114,774
  • Jan 7, 2021 9:34pm Jan 7, 2021 9:34pm
Quoting tommydoginti
{quote} my take on this is sticking to one pair is enough and good to begin with a strategy. My strategies on live acc only trade 2. My dad has retired and trades only HSI yet earning enough to sustain retirement life. Besides distraction, it seems some strategies work better on specific pairs due to the “traits” of the currencies. Volatility, tendency on continuation/reversal after spikes, active hours, are all a bit different for each pair. The expectancy of the same strategy can be very different or even go negative when switched to a new pair....
I'm not surprised that he trades HSI, everytime I take a glance at the HSI chart I tell myself, damn! what a piece of cake.
  • #114,775
  • Edited 9:51pm Jan 7, 2021 9:41pm | Edited 9:51pm
Quoting tommydoginti
{quote} my take on this is sticking to one pair is enough and good to begin with a strategy. My strategies on live acc only trade 2. My dad has retired and trades only HSI yet earning enough to sustain retirement life. Besides distraction, it seems some strategies work better on specific pairs due to the “traits” of the currencies. Volatility, tendency on continuation/reversal after spikes, active hours, are all a bit different for each pair. The expectancy of the same strategy can be very different or even go negative when switched to a new pair....
@tommydoginti -- I don't understand what it means when you say a currency has a "trait". What exactly are the properties of a "trait"? Currencies are inter-dependent -- they don't exist in a vacuum. If I showed you two charts with only bars and no other markings, could you tell which pair it was? Yes -- exchange rates differ, but the same patterns appear for all currencies. Furthermore, the same indicators have been used successfully across all pairs -- I've never heard of an indicator that only works on NZDUSD. Prices are just numbers. Indicators are just algebraic equations (with constants) that take numbers as inputs, perform some computation, and output new numbers. An algebraic equation has no clue which pair it is currently computing.

When trading manually I understand the desire to focus on one pair -- switching from chart-to-chart, checking different time frames becomes too much. But that's a physical limitation and has nothing to do with an inherent advantage trading a single pair.

I'm not claiming there is anything wrong focusing on just one -- just that it does not follow that being profitable with one precludes the possibility of being profitable with more than one.

Ever heard of "Basket Trading"? The idea -- very briefly -- is that by trading multiple pairs you don't need to be as precise with your entries and exits because the overall effect is they tend to compensate for one another.
  • #114,776
  • Jan 7, 2021 9:44pm Jan 7, 2021 9:44pm
Quoting PixelSniper
{quote} I'm not surprised that he trades HSI, everytime I take a glance at the HSI chart I tell myself, what a piece of cake.
"everytime I take a glance at the HSI chart I tell myself, what a piece of cake."

Dunning-Kruger?
  • #114,777
  • Jan 7, 2021 9:46pm Jan 7, 2021 9:46pm
Quoting robots4me
{quote} "everytime I take a glance at the HSI chart I tell myself, what a piece of cake." Dunning-Kruger?
Just luring on purpose.
Bait And Switch

Anyways my country needs me, good night.
  • #114,778
  • Jan 7, 2021 10:03pm Jan 7, 2021 10:03pm
Quoting PixelSniper
{quote} Just luring on purpose. Bait And Switch Anyways my country needs me, good night.
They must be really desperate in Seychelles...
  • #114,779
  • Jan 7, 2021 10:04pm Jan 7, 2021 10:04pm
Quoting robots4me
{quote} They must be really desperate in Seychelles...
Haha, damn you! It is morning actually right now, I like sleeping during the day It is awesome.
  • #114,780
  • Jan 7, 2021 10:11pm Jan 7, 2021 10:11pm
Quoting PixelSniper
{quote} Haha, damn you! It is morning actually right now, I like sleeping during the day It is awesome.
I like it, too. But when I do it then its called "taking a nap"...
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