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Trading Made Simple

  • #115,341
  • Jan 20, 2021 5:20pm Jan 20, 2021 5:20pm
Quoting DrDave
{quote} And how did things progress on EURGBP H4? After the buy continuation from the H8 remaining up, the H4 and H8 dropped together. If the fall continues a bit further, H16 will swing down as well. Unless evidence evolves to the contrary, the H16 swing down will be a pullback, not a down continuation.

what? H8 and H16....

Keep It Simple: Follow the OP of this thread and not some silly @DrDick@MOSTTOXICFakeTradingGURU ..TDA with IMT nonsense!

one 8-hour covers almost the entire London session.

by the time the 16-hour period, you cross into the US session.


#281
Quoting eelfranz
Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #115,342
  • Jan 20, 2021 5:25pm Jan 20, 2021 5:25pm
Quoting robots4me
{quote} @hasib -- we are dealing here with a depressed schizophrenic. Most posts are intended to smear -- but occasionally he softens his tone. This is a sociopath.

"we are dealing here with a depressed schizophrenic " ... @DrDick@MOSTTOXICFakeTradingGURU


Mental Fitness and Trading Psychology

Schizophrenia is a serious mental disorder in which people interpret reality abnormally. Schizophrenia may result in some combination of hallucinations, delusions, and extremely disordered thinking and behavior that impairs daily functioning, and can be disabling. People with schizophrenia require lifelong treatment.

A schizophrenic hear voices in their head. Trader suffering from Schizophrenia listen to the market talking to them and they struggle everyday trying to learn the market' language.
Some people describe the voices they hear as friendly and pleasant, but more often they're rude, critical, abusive or annoying. The voices might describe activities taking place, discuss the hearer's thoughts and behaviour, give instructions, or talk directly to the person.
Schizophrenic is known to commit serious crimes like forgery, thefts, stealing, impersonating a psychologist by plagiarising his work, impersonating trading guru, etc.
Update Nov 13, 2020
The schizophrenic have few subscribers and are the victims who are regularly and repeatedly denigrated, often in an overt display and often covertly through subtle psychological manipulations. The subscribers of this schizophrenic pay a high price for their unwitting involvement with the mentally deranged. This is the cost of accepting, usually unknowingly, a role as subordinate and source of supply to assuage the schizophrenic’s true underlying feelings of inadequacy.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #115,343
  • Jan 20, 2021 5:31pm Jan 20, 2021 5:31pm
Quoting emmanuel7788
{quote} GBPUSD Jan 20 - on target BRN 1.3700 - with more buy stop orders above... {image}
Attached Image (click to enlarge)
Click to Enlarge Name: GU Jan 20 TMS EVO_IX 20-1-2021 5-18-14 pm.png Size: 44 KB


hey Folks,

someone mentioned my stellar post...
No use Martingale bullshit, that's for gamblers going to a Las Vegas casino.

GBPUSD Jan 20 trades closed.

10 positions, 8 winners and 2 losers,
+ total 210 pips... right on target

- today more to pick,

follow Price Action and BRN 1.3700

let me show you the entries details in M5

managed using average entry price with positions profit locked and exit strategy.

exit when M5 cross over....

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Jan 20 trades closed 221pips 21-1-2021 6-04-51 am.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #115,344
  • Jan 20, 2021 5:39pm Jan 20, 2021 5:39pm
Quoting MrAnta997
{quote} I have a question for you.. What's your opinion on really short SLs?? I have an idea on trying 1:500 leverage, $500 account and 1 lot sizes (or at least 0.5).. Haha, sounds crazy, but the biggest issue is cutting losses in time

Well, if any broker still offer you 1:500 leverage in your country, then go for it and make sure your funds are secured.
You have a MM strategy with $500 and 1:500 leverage ... How many times are you prepared accept losing $250 and then top up back to $500? I have a strategy for you to play with.

I am trading with 1:25 and 1:50.
To trade one pair, I need to deposit $10,000 and cut loss at $5,000.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #115,345
  • Jan 20, 2021 5:58pm Jan 20, 2021 5:58pm
Quoting DrDave
I was directed to this stellar post {image} Those cherries turned out really sour, no? So where is the follow up screen capture? Or are you too busy trying to Martingale your way out of that huge loss from the buy stops that were triggered? Or maybe just sulking after another deep dive down your FailurePit as your earlier profits evaporated?

my stellar post ... and who directed him?

we all know he keep listening to voices in his head for very long time in FF.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #115,346
  • Jan 20, 2021 6:02pm Jan 20, 2021 6:02pm
About Drawdown and Recovery from Drawdowns

Trading Losses are inherent in every trading system. There is no system with 100% win rate. Limit your losses by knowing how much your system design can deal with and have a trade recovery plan for every trading cycle. My trading cycle is 20-trading days.

Drawdown DD is something which kill many trading accounts.
In her book title “Millionaire Traders”, Kathy Lien and Boris Schlossberg touch several aspects on the Art of Trading. There are a lot you have to learn from and master them.

Managing drawdowns and recovery require constant attention to details and diligent work.
I need to keep my drawdown to 10% and a maximum of 20% per trading cycle of 20-trading days because the recovery is very difficult to do above 20% DD.

Statistics taken from books shows that:

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #115,347
  • Jan 20, 2021 6:10pm Jan 20, 2021 6:10pm
Quoting pafka
Hi, I have a question, I guess for Emmanuel If I see on TMS picture this, how can I analyze it? This is setup for H4 swing trading. 2/8 W1 - last four week are out of 2/8 SMMA , clear uptrend. I will look for buying setup. TDI H4 Cross – yellow, it means no cross a TDI H4 , it is just static TDI H4 Slope – green – same value as TMSwatchdog and Abinka TMS monitor TdiC1 D1 – current D1 RSI Price Line (green) above Signal line (red) PA above 5EMA – uptrend Generally, strong uptrend. Atr pip range on H4 – 39 PIPS. If I suppose, that the every...

Let's look at EU H4 today.

Knowing the Trend 2/8 is sideways for the current week, do you want to swing trade 4H?

Today is Thursday, any 4H swing trade will last 3 to 4 days and we do not have 3 to 4 days till NY closes on Friday 5pm. I close my 4H trades by London close on Fridays.

Stick to day-trading / scalping during the London session and use the H4 ATR 30 pips for TP1, TP2 and TP3, the final TP would be bonus.

Today the market reacts to the new US President Biden with optimism... and Janet Yellen is back in a new role...



Attached Image (click to enlarge)
Click to Enlarge Name: EU Jan 21 H4 V19 21-1-2021 8-06-20 am.png Size: 87 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #115,348
  • Jan 20, 2021 6:28pm Jan 20, 2021 6:28pm
Just in case some of you want to know, I have moved to more trading E-Mini Futures during the US session and also moving on to a new broker and volume based charts. No more MT4.

If you would like to learn about trading E-Mini Futures and the broker I use,

here is a link to their videos.

https://www.infinityfutures.com/videos.aspx
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #115,349
  • Edited 11:31pm Jan 20, 2021 6:35pm | Edited 11:31pm
Quoting robots4me
{quote} we're burning day light.
There it is, my speculative powers if it makes you happy.No losing trade except the 00.01 USDTRY one, which was a missclick with an unimportant lot size.
But again it is pure luck combined with supernatural powers,so feel free to not pay any attention.
You are just scared to accept the truth,or stubborn to accept it because it is how the best traders trade.
Simply because maybe you have wasted so many years with robots and indicators ye?
According to the way you want to trade,no bottom,top or spike matters in the market to you,awesome logic!
They are all useless movements afterall right? All those waves are meaningless too.
Wait for that crossover old man!
Ignore what the price and markets are doing,or what they might do in the future right? Don't think,don't speculate. Just trade that indicator.
Speculating traders combine buying low and selling high scalping strategies and they are trading accounts that are above half a mil $.
Something you won't have with the current mindset.
But whatever,go with the crossovers and math lol,old man,it is all visual..haven't you learned yet? and maybe you can achieve a nice 10%+ per month,and then go red south all the way down...just like many years what you have been doing.The markets are moving like crazy,there is always an oppurtunity to profit out of it,even in the most meaningless and random movement,but you wanna wait for an oscillator to show you what's up,hug him then,he might be a good friend.
I have shown my TE's, statements and my charts with entry and exit on it. What any of them you have done? None.
So that means you don't have the right to ask people for these things anyway.
Now you can not show any statement or TE of yours and keep up with the useless gibberish as you wish. Good luck with that.
And if you don't as I did,whatever you post will be meaningless from now on to me,deal with it.
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  • #115,350
  • Jan 20, 2021 7:05pm Jan 20, 2021 7:05pm
Quoting DrDave
For all of the folks that thought to put on those GBPUSD buy stops at a bit above 1.37, how's that working out for you? It has fallen only about 80 pips now, so maybe it is just a nice correction, and price will soon shoot up to 1.45 and you will recover all of the losses and more??? Just take it as a wake-up call about the reality of the guy that you are following to the FailurePit.



FakeDr aka @DrDick/@ivan9578/@DrDick@MOSTTOXICFakeTradingGURU... ... have no idea how to trade TMS 5-Method with average entry price and profit protection.

Thanks for the daily laughs.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Jan 20 trades closed 221pips 21-1-2021 6-04-51 am.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #115,351
  • Jan 20, 2021 8:05pm Jan 20, 2021 8:05pm
Quoting emmanuel7788
About Drawdown and Recovery from Drawdowns Trading Losses are inherent in every trading system. There is no system with 100% win rate. Limit your losses by knowing how much your system design can deal with and have a trade recovery plan for every trading cycle. My trading cycle is 20-trading days. Drawdown DD is something which kill many trading accounts. In her book title “Millionaire Traders”, Kathy Lien and Boris Schlossberg touch several aspects on the Art of Trading. There are a lot you have to learn from and master them. Managing drawdowns...

Yes this DD management is assuming a scaling strategy which lot size is constantly scaled with capital gain/loss.

I am a bit like you, setting trade cycles. My way of doing is the risk is fixed $ in a cycle in quarter. Trade frequency is averaged at 1/day, DD max tolerance is 25%. Leverage is 1:2 to 1:3 so should be on the safe side of hitting any limits and able to trade even at 25% dd

My point is another way to look at DD management is fixed risk. If fixed risk is applied, then to recover a 25% dd is a 25% gain. Something can consider to twist the MM and make things a bit easier
  • #115,352
  • Edited 9:47pm Jan 20, 2021 9:00pm | Edited 9:47pm
Quoting PixelSniper
{quote} There it is, my speculative powers if it makes you happy.No losing trade except the 00.01 USDTRY one, which was a missclick with an unimportant lot size. But again it is pure luck combined with supernatural powers,so feel free to not pay any attention. You are just scared to accept the truth,or stubborn to accept it because it is how the best traders trade. Simply because maybe you have wasted so many years with robots and indicators ye? According to the way you want to trade,no bottom,top or spike matters in the market to you,awesome logic!...
@PixelSniper -- you made it back -- good for you. You used to post so free and easy -- carefree you might say. However, your most recent post comes across a bit defensive. Don't be. I'm not interested in your TE (which, by the way, you have never shown), nor any statements. You claim speculative powers and that you don't use indicators. Yets, every chart you post includes Bollinger Bands and you've stated a number of times you trade away when an extreme price pokes its nose above or below a BB band. Since that's the way you claim to trade then I'm just wondering where the magical speculation part comes in. I posted a chart without any indicators (and that includes no BB) and challenged you to place some Entries and Exits -- which you continue to avoid.

@PixelSniper -- look it, we all know the reason why you're averse to marking a blank chart. It's not a big deal -- it's not like you're the first BS'er that has ever graced a thread here at FF. You don't really have to be honest here -- no one checks your honesty credentials at the door. You're young and a lot wiser than I was at your age. Consider telling the truth -- at first to yourself. And, then, gradually, as you mature, to the outside world. It doesn't hurt and it does make you stronger inside. And if you are strong inside then you won't need to pretend you have some super customized immune system that protects you from both infectious agents AND insults.
  • #115,353
  • Edited 10:20pm Jan 20, 2021 9:13pm | Edited 10:20pm
Quoting PixelSniper
{quote} There it is, my speculative powers if it makes you happy.No losing trade except the 00.01 USDTRY one, which was a missclick with an unimportant lot size. But again it is pure luck combined with supernatural powers,so feel free to not pay any attention. You are just scared to accept the truth,or stubborn to accept it because it is how the best traders trade. Simply because maybe you have wasted so many years with robots and indicators ye? According to the way you want to trade,no bottom,top or spike matters in the market to you,awesome logic!...
@PixelSniper -- wait a second -- maybe we're experiencing a failure to communicate. Do you think that all indicators use crossovers as signals and since you aren't using crossovers then that's speculative trading? If so -- we've got a big gap to fill. Have you ever heard of PA? Fractals? Reversal trading? Pivots? Fibonacci? None of those use crossovers, yet I've never heard anyone before refer to them as "speculative". But if you want to refer to your reversal trading as "speculative" trading then we're closer to being on the same page. Now that I better undersatnd where you're coming from I'll try to avoid pressing you further on this particular issue.

@PixelSniper -- it never occurred to me that someone would consider a candidate signal from a moving average crossover any differently than a price bar crossing a BB band. They're all indicators -- even candlesticks and bars. The only time you're not using indicators is when trading raw tick data.

@PixelSniper -- I also don't get what you have against math which, I assume, includes algebra and statistics. Just as an FYI -- that software you're using to trade is based on math. Not only logic and code, but also the data you see on charts and the money management you use -- or should be using -- so as not to blow up your account.

EDIT: By the way -- you know why reversal trading kinda works? It's because all systems -- and including forex prices -- tend toward an equilibrium / midline / fair market value. Just like your body temperature -- there are high and low extremes when it is stressed, but there are feedback mechanisms to bring it back in line. When price pokes its nose above / below a BB outer band it is then considered an "extreme" price and there is a statistical probability it will return to a more fair market value (i.e. midline). Hence, you trade away -- that is, trade in the opposite direction of the spike. @PixelSniper -- reversal trading is older than you are -- in fact, it is probably older than me...
  • #115,354
  • Jan 20, 2021 10:01pm Jan 20, 2021 10:01pm
Quoting emmanuel7788
{quote} {image} hey Folks, someone mentioned my stellar post... No use Martingale bullshit, that's for gamblers going to a Las Vegas casino. GBPUSD Jan 20 trades closed. 10 positions, 8 winners and 2 losers, + total 210 pips... right on target - today more to pick, follow Price Action and BRN 1.3700 let me show you the entries details in M5 managed using average entry price with positions profit locked and exit strategy. exit when M5 cross over.... {image}
Please tell me why you say that you have losers if you have profitable basket trade? And where I can find price action on your chart? I see only random entries with no system.
Observer effect
  • #115,355
  • Edited 11:29pm Jan 20, 2021 10:42pm | Edited 11:29pm
Quoting robots4me
{quote} When price pokes its nose above / below a BB outer band it is then considered an "extreme" price and there is a statistical probability it will return to a more fair market value (i.e. midline). Hence, you trade away -- that is, trade in the opposite direction of the spike. .
I don't always wait for it to happen, to touch upper BB or what so not, time to time I can sell at the lower band as well if the direction is confirmed.
BB is there visually,it is pretty much 20 MA with deviations to read new extremes.
But the whole strategy does not end here,after a spike or breakout I wait for new higher highs and waves to read them instinctively and short them.
If one to trade only BB extremes,it will be a quick crash and burn,obviously.
How to find the right spot to sell? Wait for couple of waves to construct on an uptrend,then wait for a big spike and return to mean and a spike again FOR EXAMPLE.
You have to watch,learn and learn to speculate. Your brain must swallow enough information in order to be prepared for the next moves.
And no indicator can process that thought of mind.
Study double tops,double bottoms,regular formations,short the dip rebounds,buy the dips after top sell off etc,regular trading stuff.
So old man, it is more than bollinger bands.
Hardest side of this technique is the trader is usually scared because he thinks he will enter at the wrong time,and to eliminate wrong trades one must master chart reading.
Best side of this technique, I can always have tighter stops than anyone else,simply. If I'm selling at the new top my stop loss can be at an unknown higher price but not soo higher price.And as you can probably think, an unknown stop loss is probably better than the stop placed at last swing aye? Because the price has a tendency to retest those places.
SO I know that I will lose at some point! But it is not going to hurt that much. When I first started, I was taught to go with 5:1 and 10:1 R:R by my mentor as a beginner. But now I realized that my trades are about around 4:1 on the US30(Dow Jones).Which is really good, and It can't be any better than that in my opinion.
Anything lower than that is not even discussable,that is fighting the markets and trying to tame it,in our logic.
We must let the markets wave,and move. Still around 6:1+ on the XAUUSD because simply it is somewhat harder to predict and movements are HARSHER.
And also obviously this won't probably can't work on higher TF's,this technique is used by scalpers and only for really short term movements after analyzing the trend/main movement.
Anyways please,it does not help anyone here.The trapped audience as you said.I better focus on my training.
But you are right,the main idea is to expect the price to return to a more fair market value.
Just because I have a short position for example, I DO NOT EXPECT THE PRICE TO TURN SOUTH, I don't even care, I just want to scalp that point and wait for the new high to be able to scalp,or the double top let's say. In fact, I expect and hope that the price makes new highs so I can short again.
Because at new highs or lows that means people might wanna load off their positions,they created the move and we are catching it.
We don't want to create moves or force moves in the market,we only want to spot the good reasonable profit taking places.
That is why I would never buy a REALLY HUGE dip that breaks all the support and runs furiously to down side. But I would be selling the rebounds of it.

And in all honesty, I understand this technique can't be teached,but it can be only observed by the person itself, SO I STOP.
I wish everyone acquires great success,that's all I can say.
Now lemme go and watch some Mandalorian lol.
  • #115,356
  • Jan 20, 2021 10:51pm Jan 20, 2021 10:51pm
For those with retirement funds to invest:

REUTERS: BlackRock Inc is adding bitcoin futures as an eligible investment to two funds, a company filing showed, in a move to bring the world of cryptocurrency to its clients.
The world's largest asset manager said it could use bitcoin derivatives for its funds BlackRock Strategic Income Opportunities and BlackRock Global Allocation Fund Inc.
The funds will invest only in cash-settled bitcoin futures traded on commodity exchanges registered with the Commodity Futures Trading Commission, the company said in a filing to the Securities and Exchange Commission on Wednesday.
Chief Executive Officer Larry Fink had said at the Council of Foreign Relations in December that bitcoin is seeing big giant moves every day and could possibly evolve into a global market. (https://bit.ly/2XXFHrB)
Earlier this month, Bitcoin, the world's most popular cryptocurrency, hit a record high of US$40,000, rallying more than 900per cent from a low in March and having only just breached US$20,000 in mid-December.
A BlackRock spokesperson declined to comment beyond the filings when contacted by Reuters.

Source: Reuters
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #115,357
  • Jan 20, 2021 10:59pm Jan 20, 2021 10:59pm
Quoting pafka
Hi, I have a question, I guess for Emmanuel If I see on TMS picture this, how can I analyze it? This is setup for H4 swing trading. 2/8 W1 - last four week are out of 2/8 SMMA , clear uptrend. I will look for buying setup. TDI H4 Cross – yellow, it means no cross a TDI H4 , it is just static TDI H4 Slope – green – same value as TMSwatchdog and Abinka TMS monitor TdiC1 D1 – current D1 RSI Price Line (green) above Signal line (red) PA above 5EMA – uptrend Generally, strong uptrend. Atr pip range on H4 – 39 PIPS. If I suppose, that the every...

Here is an example AUDJPY,

Trend 2/8 shows trending for several weeks, but look at the Price Action. What do you see? A bullish big candle, small candle,... its strat' Weekly Control Candle WCC.
As the trader, I put more weight on the price action and use Money Management to mitigate the risks when I trade in the WCC.

Attached Image (click to enlarge)
Click to Enlarge Name: AJ Jan 21 H4 V19 21-1-2021 12-53-35 pm.png Size: 100 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #115,358
  • Jan 20, 2021 11:15pm Jan 20, 2021 11:15pm
Quoting ryuryu
{quote} Please tell me why you say that you have losers if you have profitable basket trade? And where I can find price action on your chart? I see only random entries with no system.
Because it looks good on a M5 chart. They are just normal entries were TDI green was above red.
With a running TE open for viewing you would have seen this:
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  • #115,359
  • Jan 20, 2021 11:22pm Jan 20, 2021 11:22pm
Quoting Tekkies
{quote} Because it looks good on a M5 chart. They are just normal entries were TDI green was above red. With a running TE open for viewing you would have seen this: {image}

@Tekkies

WRONG AGAIN!

Post facts not assumptions. Forex Factory' Trade Explorer charts do not show multiple entries on a same chart. TE also does not show stop and limit orders, it does not show average entry price of open basket of trades, simply put ... it is useless when trading TME MEME.

Details are on my M5 chart again and my entries has nothing to do with any TDI versions. You are obsessed with the TDI.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Jan 20 trades closed 221pips 21-1-2021 6-04-51 am.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #115,360
  • Jan 20, 2021 11:34pm Jan 20, 2021 11:34pm
Quoting ryuryu
{quote} Please tell me why you say that you have losers if you have profitable basket trade? And where I can find price action on your chart? I see only random entries with no system.
And what happened to the buy stops above 1.37 that were triggered???? MAYBE Photoshop has taken care of those losers?
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