Trading Made Simple

hey @Tekkies

does it matter to be in other people' Ignore list?

I am in your Ignore list too but you still read my post regularly while you are still struggling at trading with Big E' 5-Method.

This week you reached 2,026 trades in 6 months. Congratulations ! you have broken Big E's TMS record.

Excellent post with the Perfect Answer.

that ....DrDave cannot trade and he cannot even trade a simple method yet he talk about following Big E's 5-Method rules. He has no clue what a trading system is. He is just pretending to be the trading guru here ... just acting.

June 17 US30 trades

- slow day after FOMC but the direction was just clear,

- follow Daily OHLC levels and look for the best setups at price levels and ,...its either m1m2m3 or m2m3m5 or m2m3m15

- hit my daily average $1,000

do you know an EA named Buru?

Thank you very much Cja, i very much appreciate it, blessings...

XAUUSD Jun 18 UPDATE: Tokyo open

- now I have more money to bank-in.

- then I will decide later when I will open the next batch and I hope Elon Musk wont tweet today but he will tweet again on Tuesday next week.

- thank you Elon Musk for your last tweet. Just Do It often... tweet once every 20-days is a good cycle.




Have a good trading day folks.

Catch the dead cat bounce!

BTCUSD vs XAUUSD Jun 17

"dead cat" bounce?

at which level will the high of the "bounce"?

how do you catch a' falling knife'?

remember my bear story { here }



Stay tuned!

TMS Monitor Jun 18 H4 Tokyo 10am

- my first 4hr based on my trading hours

*Note: Big E's trading hours are different, he traded his Pacific Time 10PM PDT, 2AM PDT and close at 6AM PDT.

- nothing to pick now, so I wait for the next 4hr.


Stay Tuned for TOK_5H later.

2 trade open.

This one? https://www.forexfactory.com/thread/...trading-system
Not sure about the relationship between this EA and Phx62.......

Dr. Van K. Tharp “A good day for a trader is following your strategy.”

Have notice that you are posting derogatory comments towards members.
Would you like to read about a other request for a #Cleanup?

YES!

You pick one of these and decide on #Cleanup.

And when you repeatedly abuse the Cleanup button, Twee will notify you with a nice warning and rollback your seniority status.

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The best traders approach the markets professionally, apolitically, amorally, waving no flag — this is generally how Forex Factory members are expected to conduct themselves on the website. The following code of conduct should be observed by members throughout their interactions on the website. Members who persistently or severely break the code of conduct may have their membership revoked.

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This code is essential to maintaining a high-quality trading environment. Not only does trading focus keep the environment pure, but with members from every nation, religion, and political party, trading is the only thing everyone has in common. Focusing on what unifies the membership results in a superior trading environment.

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) feature.

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How many times did you resort to name calling "Knucklehead"? 14 times so far!

Next time you post and repeat the same name calling here, all the members can decide to use the #Cleanup too.

GER30. Market will open soon. Are you ready with your M5 Chart.

YOU can switch your TF to TF as much as you want now. Once Trading start, Don't switch Chart. It may give you conflicting information's make you think like you can predict the market move before it happen, This types of thinking is Dangerous.

Remember we don't know future we know how much we risk per trade.
World best hedge fund has very close to 50 % win rate even lower than 50% win rate, why you need 80% win rate. WE all see Tekkies lost his balance with 85% win rate.

NzdCad Jun18 H1 trade

- 3-bars/candle swing high
- key level 0.8662 ? confluence RN 0.8650
- with True REVERSAL candle Stock (8,3,3,) signal and TDI' RSI green price line slope confirms

I read the book long ago I still think this books is good one to read.

Steve Burns
Review of " Trading Without Gambling: Develop a Game Plan for Ultimate Trading Success".

This book is in the top eight out of the over one hundred stock trading books I have read. It presents one of the most important principles of successful trading: DO NOT GAMBLE, ONLY TAKE TRADES WITH A HIGH PROBABILITY OF MAKING MONEY. Author Marcel Link covers in great detail all the areas that a stock trader needs for success in the markets.

First he explains the importance of having a detailed trading plan:
1. Entering a trade
2. Exiting a trade
3. Stop placement
4. Position sizing
5. Money management parameters
6. What to trade
7. Trading time frames
8. Back testing
9. Performance review
10. Risk vs. Reward

In two areas of the book he writes about how even though great traders have a huge amount of differences about them they all share one common traitiscipline. Whatever your trading style you must have the discipline to follow your trading plan by taking your wins while they are there, cutting your losses when it is time, and never trade to large a position and risk to much of your capital.
He touches on some of the key aspects of trading strategies, but his main point is whether you trade based on technical indicators or fundamentals you must trade a proven system that has been back tested and once you make your system rules, follow them.
The author advises focusing on one market and really know how your market or specific stock trades. He believes you can really hurt your performance watching commodities, futures, bonds, or to many individual stocks, and having to many positions on at the same time. I agree.
You will receive advice to keep the right perspective and always ask yourself "If I did not have this position on would I buy now"? Try to look over your own shoulder while in a trade and give yourself advice like you are trying to advise a friend's trading.
I really liked how Mr. Link said that you should avoid over trading and you should not always either be long or short a stock, that no position was a position in itself. (I had to follow this "no position" mantra in my major account in 2008 being unable to get a feel for any trend or support and resistance levels and saved myself from huge losses).
The author shares his personal trading rules, key principles for successful trading, favorite books and magazines. This book is a treasure test of information and advice from a real 20 year veteran trader who has done very well for himself and is sharing his knowledge with us. This is not a gamble, buy the book and use its principles and you will win in trading.

LOL
And once again, the pot calls the kettle black. So typical.

TMS Monitor Jun 18 UPDATE:

- missed this?

- well missed nothing, so wait for FO and LO today,

- you know your H4 price action by now, just follow your 4hr PA.

looking at 15715 level for m2 m3 m15 entry...