Trading Made Simple

EURAUD Mar10 H1

- Bearish Engulfing Outside Bar BEOB setup

- study the Stoch and TDI whenever you see such price action

Tekkies hate me but I don't hate him. so I remove him from my ignore list.
He come here to dislike post. Trust me dislike a post will not make us better trader. we have to do the work for becoming better trader.
gold market is slow so we should not day trade instead we should wait.

1720 and 1700 is the range now. Probably 1675 is the low of the week.

TMS Monitor Mar10 H1 New York 7am EST

- if you are a short term 'scalper' ... hit an run!

I picked GBPCAD

I have observed few things, obviously personal observations. I am going to share one. that is if 4 timeframe HA color match and if we trade the directions of that we could improve our win rate. so The watch list you share is very important and useful for trading. There are some other things I found useful I let people discover those. If they like to share they can share here too.

gold PA traders see their opportunity.

gold M15 cup and handle pattern

As big E told as to read Babypips. I think as a experience trader we should read babypips too. I read this article in babypips. Nice and knowledge Refreshing.


A common mistake that traders make is trying to take on too many positions at once.
They believe that a higher number of positions will translate into higher profit. “If I open positions in multiple pairs, one of them will win big.”
Too bad this type of thinking usually leads them to lose big instead.
Sure, it’s tempting to jump on ALL the bandwagon and hit all the meme stocks when your friends, trading heroes, and online trading groups talk about the same 15 assets.
But if you want to maximize your opportunities and skills, you might want to think about being pickier with your trades.
For one thing, opening multiple positions dilutes your capital allocation.
When you’ve done your research and are confident where price is going, wouldn’t you want to put as much as you can risk on the trade?
Don’t undercapitalize a 20% move just because you wanted in on a popular asset that can only grow by 10% in the same time period.
Taking on too many trades also means you’re spending less time and research on each position.
Instead of skimming charts and tweets on eight assets, you could do multiple chart analysis, backtests, and talk to informed sources about where three asset prices could go.

The more information you have and the more scenarios you’ve prepared for, the less likely you are to miss opportunities and make emotional decisions.
Finally, having a lot of open trades weakens your focus.
Unless you’re Robopip, you can realistically focus on only a small number of opportunities. Preparing for different market scenarios won’t do a thing for your account if you’re not around to execute the trading plan once they do happen.
At the end of the day, it’s our job as traders to get the maximum yield for the capital that we have.
While being picky with trades won’t guarantee consistent profits, it can definitely minimize losses and hopefully keep you in the forex game long enough to be consistently profitable.

Yes, hasib your are right about babypips website has lots of things traders can read, study and learn from. Besides the Babypips School of Pipsology Forex Education,
there is a also a discussion forum with some very experienced traders. Many years ago I started in that forum and learn from some of the best traders in this business and also learn a few good trading systems there. I started with the COWABUNGA system in the 90s and still use that system to verify my technical analysis and position trading plan.

For TMS 5-Method traders, here in Forex Factory are two threads which traders should also learn from.

1) james16 Chart Thread
https://www.forexfactory.com/thread/...6-chart-thread

2) Strat's Long Term Stress Free Trading
https://www.forexfactory.com/thread/...s-free-trading

With these 2 threads, you will much more advance when you come to interpret Big E Post#647 and you will be better off than many others when in knowing what to pick as the best trade setups.

XAUDUSD Mar11 review

- yes, some activity on the Daily

- between 1562 and 1771 , a lot can happen in the coming weeks and months.

- if it trends above 1771 and 1825, I will pick up some new buys positions.

- so far, this has not been a good year for investors.

- I think a lot of liquidity went to cryptos.

Different traders use the TMS Monitor differently.

I use TMS Monitor to alert me when the setup conditions meet my criteria I have in my trade plan.
- for H1 setups, I prefer the H4 and D1 APB/HA candles are of the same colour
- the Prev Slope and Curr Slope information is more import to pick a good MOMENTUM trade setup candle, and avoid those with extremes slope values (big candles)
- the PA above /below the 5EMA is the other condition I look at

What is most important is to look at your trading charts for the realtime market situation and make your trade decision according to your trade plan.
Always follow your top ten tasks of trading.

BTCUSD Mar11 Daily Update:

- breaking high is good!

- breaking high with large volume is even better (Darvas Box traders)

Master Candle video




GBPUSD example:

#463#LIMITATIONS

Forget about Tekkies. He only read 463 posts in this thread. He can't trade. PERIOD.

Big E said this: (#336)
Those wanting more examples go to Forum: Commercial, then Craig Harris Stochastics Method... then start reading on page 246, post 3676 to the end... you will learn more fast... We switched from there to only discuss this method in the new forum...

Hey Folks,

Do Not suffer from this limitations. Learn EVERYTHING!

EURNZD Mar11 H4 Tokyo 11AM

- PA is narrow range
- TDI VB narrowing too!
- Weekly PA is bearish

day in the direction of the week

Not a absolute good entry but Not that bad trade. I have to develop more confidence and focus. I am playing small, No interactions is the best trade management.

Hi

I notice that a lot videos/excerpts from books etc. are posted as if it is some "holy grail/fact" to follow.

Perhaps people more "new"(and some trying for a while) to trading does not realize that the same stuff(since the beginning of trading) are presented in various ways(some/most to help with the monetization of the poster/website owner) all over the internet.

Some even get callled "expert" trader and anything he/she writes/posts is taken(or misused) by others as THE truth/answer.

Perhaps you could also include in your reading matter the posts (only 15 pages/292 posts) of "CrucialPoint" (CP). It will surely get you thinking about yourself and your trading from a different angle and seeing trading from a different perspective.

Something CP spoke highly of.

Secondly - you might also visit "LFX Trading Proverbs" by member "dkrock" and pay particular attention to "Proverb #3".

Enjoy / Trade well / Mos
"The market is weird. Every time one guy sells, another one buys, and they both think they're smart."

EURUSD Mar11 H1 Frankfurt Open candle

- Master Candle breakout

TMS Monitor Mar11 H1 London Open

- FO candle closed provides a few alerts

EURNZD Mar11 H4 update at London Open

- as price moves lower and the range widens

- the TDI VB will open up .... "lagging" the price action