Trading Made Simple

*** LIVE Trading *** July 08 Tokyo 2PM (Big E 10PM 4hr Trading)

UJ Jul 08 H1 sell at Tokyo 2pm

- this was quick TP1 +10pips-

- just as the Tokyo traders finished their sushi hour and hungry to trade and make money.

- "on time every time"

What about stress?

You don't know stress until you experience pervasive impotence. You feel utterly helpless to effect results as you watch your system(s) dictate one absurd order after another. You just know that profit is going to evaporate and go to a loss. When that happens, you can't do anything but watch and obey the signals it generates

Joe DiNapoli

*** LIVE Trading *** July 08 Tokyo 2PM now Frankfurt Open hour

- the Bar Family Story...

- Weekly Bar still zero

- Daily Bar still zero

- but H4 bar count is ___ of ______.

- but we have a H4 Master Candle consolidation breakout already ...


.../ stay tuned for more on the Bar Family Story ....

*** LIVE Trading *** July 08 Tokyo 2PM now Frankfurt Open hour

with some money in my bank trading with the Bar Family ...

*** LIVE Trading *** H1 @ July 08 Frankfurt Open

- a few to pick

- remember we have our TOK_5H strategy with TMS 5-Method



* when EU and GU are making their "push and pull", we trade EG.

Joe DiNapoli, I am Loving this man. What he written in his book is gold.


JUDGMENTAL TRADING:
1. The most important trading tool you have is not your computer, your
data service, or your methodology. IT'S YOU! If you're not right -you
don't trade.
1A. Trading breaks are essential, particularly for
intraday players. Three to seven day breaks every three
to six weeks is what I have determined is best for me.
IB. Take significant time off; about three to six months
every year, if you trade intraday, at least one to three
months if you trade daily-based or above.
1C. Four or five days a week spend at least one hour
doing something you like that does not involve the
markets or your computer. I like working with my
hands, restoring cars or otherwise fixing or building
things.
ID. The definition of a professional is one who makes
the least mistakes, not the one who makes no mistakes.
If you make one serious mistake, take yourself off
trading for three days. If you make three mistakes in a
short time period (over two consecutive days), take
yourself off trading for three days.
1E. If you violate rule ID, give $100,000 to the person
you dislike the most in the world. It may interest you to
know that of the many traders I have trained, I have
almost never seen anyone follow rule ID unless they
were forced to (no margin). A mistake is defined in
CHAPTER 2, under "Ground Rules and Definitions."
Mistakes will be cited and clarified throughout this
book. It's critical that you know if and when you make
a mistake .
1F. If you have not been trading for 10 days or more, do
not trade size (large positions) for at least one week.
1G. Separate yourself into two halves, the trader and the
manager. The trader cannot trade without the express
permission of the manager. The manager watches for
crucial signs of "fitness," e.g. mistakes, irritability, stress
in the trader's personal life, tell-tale black shading under
the eyes, excessive flatulence. Get the idea? It is the
manager's job to get the trader away from the phone
before the disaster occurs. Just look at the Barings
fiasco if you doubt the need for competent management.
In the late 80s, a local I had trained who had achieved consistent and considerable
profitability, began just as consistently, losing money. His personality seemed to be
undergoing a change and it was obvious his personal life was under some stress. I first
suspected drugs, but on further reflection I narrowed it down. One night when we were
talking market and he was complaining bitterly about "unexplained" losses, I asked him
how long it was before his new child was to be born. "Three months," he said, "and how
the hell did you know?"
By this time, you should be able to see the importance of being "fit" to trade. Systems or
methods allowing for discretion are dependent on the quality of that discretion both in
execution and size. If the discretion goes, you can wipe out in a week what it has taken
you months to accumulate.
2. There are knowledgeable, honest, and sincere traders available who like
to teach and have the qualifications to make themselves understood. Seek
them out, get their material if you can afford it, and befriend them. Much
of what they can offer to you in casual conversation will be invaluable to
your success. Someone helped them. Approach them correctly and if they
can, they will help you.
3. Judgmental trading can lead to incredibly favorable win/loss ratios.
Don't let them go to your head.
3 A. If you attain dramatic profits very quickly, your ego
can blow way out of proportion. Always remember you
are only one trade away from humility.
4. During the trading decision-making time, you can afford no
interruptions. None! Zero! If your office is in your home and you trade
intraday, get a lock to separate yourself from anyone sharing the premises
and use it. If this presents a problem with your wife or family, don't trade
or get a different wife and family.
One of my clients, a chiropractor, who traded out of his home in northern California, was
warned about this repeatedly. This individual suffered a $40,000 loss when his wife
casually walked over and dropped their infant in his arms just before a crop report.
Experience can be a tough teacher but to many it's the only teacher.
5. The speed with which you can adapt to changing market conditions is
considerably faster with a judgmental rather than a non-judgmental trading
approach. This can prevent those huge drawdowns that can accompany
blind (fixed) system failures. For those engineers who are reading this,
consider a mechanical feedback system that dampens and focuses responses
as a function of the speed of the transducers. If the feedback system is
quick enough, it keeps up with the changes. But if it gets behind, it can go
180 degrees out of phase and tear itself up! It works the same with
trading.
6. Trading a judgmental system is difficult, requires tremendous
concentration, diligence, and self discipline.
7. There is tremendous challenge, fulfillment, and discovery in the entire
trading process.
The bottom line is that there are certain inherent advantages and disadvantages to either
market trading approach. I have chosen the judgmental approach. It is largely a question
of matching your talents, your psyche, your financial resources, and your objectives with
the challenges and advantages cited above. There is no way I've ever seen of avoiding a
lot of work and a lot of stress. Prepare yourself for it, or if it's too hot, get out of the
kitchen now!

I never stop loving him since I met him years ago.

He told us in one of his workshop. Trading with RSI+MA what the TDI made of , is like driving a car and looking ONLY in the rear view mirror.

Many did not understand his predictive MACD and his Fib Nodes. They think we are predicting the markets which is not what he meant. Only those who been thorugh his workshop and did their time trading live markets learn and mastered that.

EG Jul 08 H1 trade

- follow 4hr PA and trade H1...

- quick TP1

- now took off!

After reading his complete book. I will ask few questions to you about Fibo.
I have to complete his book. I think some of my questions he answer in his book already.
Thanks for sharing about him.

hi everyone

I been reading this thread for long time. Some member start fight over PIPS. i have attached MT4 indicator. I suggest to new member like me Read from start because its easy to understand. we only to get it right once, cut lose early make us more profitable and stay in game. Thanks for help.

If you are interested in Dinapoli's method, try watching Sive Morten's daily videos from Forex Peace Army youtube channel: https://www.youtube.com/c/forexpeacearmy/videos
Sive mostly adopted Dinapoli's methods and has posted daily videos with consistent methods for more than 10 years!

LOL

Some people hop from system to system, never making any headway. Others hop from "guru" to "guru" with the same kind of progress.

*** LIVE Trading *** July 08 GBPUSD

Attached Image

*** LIVE Trading *** July 08 GBPUSD

Attached Image (click to enlarge)

*** LIVE Trading *** July 08 USDJPY

Attached Image (click to enlarge)

The question, "What's the current Trend of...?", without
specifying the Time Frame is meaningless.
--Joe DiNapoli--

Nice to see that Joe learned something about trend that few posters to this thread have learned.

If your trading methodology uses Trend as a part of its defining characteristic and you don't know your Time Frame, you are lost.
--Joe DiNapoli--

But of course, folks that are stuck on just 1 or 2 TFs are simply lost anyway.

*** LIVE Trading *** July 08 Tokyo 6PM (Big E 2AM 4hr Trading)

- live trading starts with trade setups and alerts

- the other are just Live Talking pretending to be like us Live Trading

- now I see JPY pairs with extreme C-Slope so we must be careful when trading TDI C-Slope extremes.

- think of retracement entries for low risk trading ideas as an option

EurCad H4 Jul 08

- very strong move in the Euro crosses today

- here are examples where the m15m60m240 setup entry candles

- I think many of you got this setup candle idea already from the many PMs I get these week.

- it is always good to have done your weekend WTDA and know the big picture and have your trade plans ready