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Trading Made Simple

  • #117,981
  • Apr 8, 2021 5:10am Apr 8, 2021 5:10am
Quoting Tekkies
To use BE or to drop it. First trade BE kept profit. Second trade BE took profit from a good TDI crossover. {image} Trading only with the "crappy" TDI green cross red on the "crappy" EURUSD you would have been ahead overall on your account. {image} I wonder by myself why does my TE not look like that at all.
hey Tekkies

those M15 H1 lines on your chart are the cause of your account blown up.

I said many times, wait for the M15 that closes the H1 like this example below,

Attached Image (click to enlarge)
Click to Enlarge Name: EU APR08 M15 w H1 HA candle 8-4-2021 6-00-43 pm.png Size: 40 KB


the H1 must have the swing high / swing low price action.

Attached Image (click to enlarge)
Click to Enlarge Name: EU Apr08 H1 11am candle London 8-4-2021 6-02-22 pm.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,982
  • Apr 8, 2021 5:17am Apr 8, 2021 5:17am
Quoting emmanuel7788
{quote} he has 79.6% win rate his losers are 4 x times his winners ... too many BE trades. {image}
His win rate is good and it's because he takes small wins,,if only he does the same with his losers then he will be profitable
the cautious seldom err....C
  • #117,983
  • Apr 8, 2021 5:20am Apr 8, 2021 5:20am
I don't normally trade this pair but took a long anyway on H4 just over an hour ago...looking forward to scaling some at WR and MP
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADH4.png Size: 57 KB
the cautious seldom err....C
  • #117,984
  • Apr 8, 2021 5:38am Apr 8, 2021 5:38am
I also went long the swissy when price touched the TL,200 ema,WS 3 plus a HD...I added another long when price was retracing upwards but as you can see I was stopped out with my later entry and I manually took out my first long..not surprised it did not work out ,after all it's CT trading
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH4.png Size: 56 KB
the cautious seldom err....C
  • #117,985
  • Apr 8, 2021 6:08am Apr 8, 2021 6:08am
Quoting pips29
{quote} That's because you let your losers run and cut your winners short
Hi Pips.
Your answer does not solve the question. > Use or lose BE as part of your trading method.
The same goes with SL.
How many times have price taped your SL (Post 1,308) to run away into profit or prevented a major loss?

It is either use them and be happy with what price is willing to give you.
Do not use them and live with the results.
  • #117,986
  • Apr 8, 2021 7:10am Apr 8, 2021 7:10am
Quoting pips29
{quote} His win rate is good and it's because he takes small wins,,if only he does the same with his losers then he will be profitable
well, reading all his posts in this thread, he has no clue what he is doing when he is suppose to be a trader.

His is problem is #463#Limitations.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,987
  • Apr 8, 2021 7:11am Apr 8, 2021 7:11am
Quoting emmanuel7788
{quote} hey Tekkies those M15 H1 lines on your chart are the cause of your account blown up. I said many times, wait for the M15 that closes the H1 like this example below, {image} the H1 must have the swing high / swing low price action.

Attached Image (click to enlarge)
Click to Enlarge Name: EU Apr08 H1 11am candle London 8-4-2021 6-02-22 pm.png Size: 40 KB


{image}

H1 Price Action > Trade Invalidation ... cut loss!

Attached Image (click to enlarge)
Click to Enlarge Name: EU Apr08 H1 BUEOB close trade 8-4-2021 8-08-06 pm.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,988
  • Apr 8, 2021 7:18am Apr 8, 2021 7:18am
Quoting emmanuel7788
USDCHF Apr08 H4 at London 10am - this pair' PA is better pick over EURUSD {image} EURUSD is crap as it look now,
Attached Image (click to enlarge)
Click to Enlarge Name: Eu Apr 08 H4 LDN10am8-4-2021 5-06-32 pm.png Size: 73 KB



{image}

EURUSD Apr08 H4 at London 1pm

- still look like crap to trade at the moment

Attached Image (click to enlarge)
Click to Enlarge Name: EU Apr08 H4 V19 still crap to trade 8-4-2021 8-15-20 pm.png Size: 73 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,989
  • Apr 8, 2021 7:48am Apr 8, 2021 7:48am
Quoting emmanuel7788
USDCHF Apr08 H4 at London 10am - this pair' PA is better pick over EURUSD
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF Apr08 H4 LOndon 10am 8-4-2021 5-05-07 pm.png Size: 78 KB



{image} EURUSD is crap as it look now, {image}
USDCHF Apr08 H4 update at London 1:45PM

- now you can see for yourself why USDCHf ' PA was the better pick ...
- it about the use of the APB/HA candle price action and the 5EMA as direction.

- what do the OP Big E said about the HA candle size...
- what is the use of the 5EMA Typical Price , Shift+3 or +2?


Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF Apr08 H4 update London 1-45PM 8-4-2021 8-43-51 pm.png Size: 78 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,990
  • Apr 8, 2021 8:04am Apr 8, 2021 8:04am
Quoting emmanuel7788
{quote} EURUSD Apr08 H4 at London 1pm - still look like crap to trade at the moment {image} {image}

EURUSD Apr08 H4 at London 2pm

- one of my favourite price action setup ... small candle, big candle ... give that a name BUEOB

- are you prepared to take some risk?

Attached Image (click to enlarge)
Click to Enlarge Name: EU Apr08 H4 BUEOB 8-4-2021 9-01-03 pm.png Size: 74 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EU Apr08 LDN2PM pipware 8-4-2021 9-05-10 pm.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,991
  • Apr 8, 2021 8:13am Apr 8, 2021 8:13am
Man that BE is a bugger. Going to drop it from trading method. One again TDI green cross red on M15 gave a good entry.
No post#647, just straight out of the box. Sure you will have loss.
TDI is on time every time.
You can always re-enter on a bounce trade.
Post#6.......The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce...
Attached Image
  • #117,992
  • Apr 8, 2021 8:29am Apr 8, 2021 8:29am
Quoting Tekkies
Man that BE is a bugger. Going to drop it from trading method. One again TDI green cross red on M15 gave a good entry. No post#647, just straight out of the box. Sure you will have loss. TDI is on time every time. You can always re-enter on a bounce trade. Post#6.......The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce... {image}

hey Tekkies

you took a lot of risk with that M15 entry when the H1 is clearly down.

it is the next big M15 candle that drive the TDI green line UP!

nothing wrong to use Breakeven when trading. You need follow a simple rule when to BE and when to take some profit with proper money management strategy. You do not have a Money Management strategy and also not Exit Strategy with MM. This is one of the root cause why you had margin call.


Attached Image (click to enlarge)
Click to Enlarge Name: EU Apr08 Tekkies M15 8-4-2021 9-20-50 pm.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,993
  • Apr 8, 2021 8:47am Apr 8, 2021 8:47am
Quoting emmanuel7788
{quote} hey Tekkies you took a lot of risk with that M15 entry when the H1 is clearly down. it is the next big M15 candle that drive the TDI green line UP! nothing wrong to use Breakeven when trading. You need follow a simple rule when to BE and when to take some profit with proper money management strategy. You do not have a Money Management strategy and also not Exit Strategy with MM. This is one of the root cause why you had margin call. {image}
Like I have posted before: Don't need, ask, require your advice.

"when the H1 is clearly down"
Post fact's, not assumptions.
Attached Image (click to enlarge)
Click to Enlarge Name: neededd.PNG Size: 121 KB
  • #117,994
  • Apr 8, 2021 8:49am Apr 8, 2021 8:49am
Quoting Inthebox
gj sell. {image}
gj sell continuation.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #117,995
  • Apr 8, 2021 8:59am Apr 8, 2021 8:59am
Quoting pips29
{quote} That's because you let your losers run and cut your winners short
You reminded me the "RED Christmas", a classic example showing the shortcoming of it.

Letting losers run in hope of getting back to BE locks up so much capital and eventually lose it one day.
Glad the people in this thread are back to single entry trades demonstrating the original TMS rules. Healthy to the thread and beneficial to the readers.
  • #117,996
  • Apr 8, 2021 9:24am Apr 8, 2021 9:24am
Quoting Tekkies
{quote} Like I have posted before: Don't need, ask, require your advice. "when the H1 is clearly down" Post fact's, not assumptions. {image}
The level you entered was a reasonable area for buys. As the long term trend is up, and price was retesting HL level, which hasn't been broken since it's formed, so the trend up is still valid and buy is more likely to win. DO NOT SELL SIMPLY BECAUSE H1 IS CLEARLY DOWN

However, what was your confluence to enter the trade besides TDI cross and the buy bias? My current rules would not validate a buy at your time of this entry. For EU I am forward testing out the own version of "AMAZING STRATEGY" and identified a buy.
Attached Image (click to enlarge)
Click to Enlarge Name: ceb67428e42a027d319b824efec245fd.png Size: 97 KB


I also think of an alternative of exit strategy is fixed SLTP based on price levels. So far so good for me. Use previous swings, S/R or PA levels. Confirm a >1:1 RR to enter.
I also trail SL once price reaches a certain "Milestone level", like when it breaks a minor level. So like you I get BE trades from time to time. I get 11 BE trades in 98 trades so far. So 1) additional confluence to increase your odds and 2) >1:1 RR for each trade, can help you with performance. We have seen enough losing trades running and averaged down posted here, which are unnecessary and irrelevant to this thread.

Attached Image (click to enlarge)
Click to Enlarge Name: 772a271857812c3731e0ec0dd490e720.png Size: 37 KB


Good Luck and trade well!
  • #117,997
  • Apr 8, 2021 9:26am Apr 8, 2021 9:26am
Quoting Tekkies
{quote} Like I have posted before: Don't need, ask, require your advice. "when the H1 is clearly down" Post fact's, not assumptions. {image}

hey Tekkies

here is the FACT. Look at the M15 and H1 yellow highlight arrow.

chart don't lie. You are too dense to understand.

Attached Image (click to enlarge)
Click to Enlarge Name: EU Apr08 M15 pipware 8-4-2021 10-22-25 pm.png Size: 53 KB


another chart for your study,

remember the TDI #25 will update only when the candle closed.
at your entry level, the TDI did not cross up yet.

Attached Image (click to enlarge)
Click to Enlarge Name: EU Apr08 M15 entry candle 8-4-2021 10-30-31 pm.png Size: 45 KB



you will need a lot of help to recover your 80% drawdown.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,998
  • Apr 8, 2021 9:55am Apr 8, 2021 9:55am
Quoting tommydoginti
{quote} The level you entered was a reasonable area for buys. As the long term trend is up, and price was retesting HL level, which hasn't been broken since it's formed, so the trend up is still valid and buy is more likely to win. DO NOT SELL SIMPLY BECAUSE H1 IS CLEARLY DOWN However, what was your confluence to enter the trade besides TDI cross and the buy bias? My current rules would not validate a buy at your time of this entry. For EU I am forward testing out the own version of "AMAZING STRATEGY" and identified a buy. {image} I also think of...
"what was your confluence to enter the trade"
Nothing Tommy, only what BigE has posted already.
> TDI green cross red
>> Green angle above 2/below 4
>> Stoch confirm direction.
You get that right I would say over the long term your account will grow. Post#647 can reduce/prevent some bad entry's to be placed.
----
BE or SL. I really don't know. BigE has posted he does not use either so why do we mess around with them?
Post#540....... use a trailing stop > No... but it's not a bad idea. I just don't personally..
Post#4023..... Your S/L question... On your 5 & 15 minute charts... place your S/L 3-5 pips away from the previous hi or low on your chart.
  • #117,999
  • Apr 8, 2021 9:59am Apr 8, 2021 9:59am
Quoting Tekkies
{quote} Like I have posted before: Don't need, ask, require your advice. "when the H1 is clearly down" Post fact's, not assumptions. {image}
Don't bother arguing with someone who can't even point out correctly the candle you entered...

I remember BigE has mentioned he would trade TDI cross signals as soon as it forms before the candle close, but I just cannot do that knowing that price can turn back and cancel the signal. But yea I saw some traders do that too in very early posts when BigE was around. More aggressive approach though, has to be more cautious.
  • #118,000
  • Apr 8, 2021 10:11am Apr 8, 2021 10:11am
Quoting tommydoginti
{quote} Don't bother arguing with someone who can't even point out correctly the candle you entered... I remember BigE has mentioned he would trade TDI cross signals as soon as it forms before the candle close, but I just cannot do that knowing that price can turn back and cancel the signal. But yea I saw some traders do that too in very early posts when BigE was around. More aggressive approach though, has to be more cautious.
You mean like this?
Attached Image

Take note: Stoch did not confirm direction.
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