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Trading Made Simple

  • #123,461
  • Aug 20, 2021 1:13pm Aug 20, 2021 1:13pm
Quoting emmanuel7788
{quote} GBPUSD Aug20 trade update: - holding one last position to TP at BRN 1.3600 and protected with CSTSL . {image}
Very well done bro. Nice GU trade. All are TC trade.
MA provides the market's current direction and strength.
  • #123,462
  • Aug 20, 2021 8:19pm Aug 20, 2021 8:19pm
Quoting hasib
{quote} Very well done bro. Nice GU trade. All are TC trade.

Quoting emmanuel7788
{quote} GBPUSD Aug20 trade update: - holding one last position to TP at BRN 1.3600 and protected with CSTSL . {image}

GBPUSD Aug 20 trades closed

- good week with this pair contributing to my overall weekly gains.

- stick to Big E' posts and trade the 4hr and Daily chart timeframes swings. Do not trade any timeframe below H1.

- be DISCIPLINED,
> 1) have your trading hours and trade only during your trading hours.
> 2) do not repeat the same mistakes over and over again. #SELF-SABOTAGE#

- do not overtrade!





Attached Image (click to enlarge)
Click to Enlarge Name: GU Trade Report Aug20 NYClosed 21-8-2021 9-10-41 am.png Size: 64 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,463
  • Aug 20, 2021 8:22pm Aug 20, 2021 8:22pm
Quoting Tekkies
{quote} Ask to see his TE linked to what gets posted, the excuse will leave you astounded. Last time Tekkies checked > Tekkies got the blame for no visible TE.

"Last time Tekkies checked > Tekkies got the blame for no visible TE."

@Tekkies

show us all the posts where you "Tekkies got the blame for no visible TE"

#self-sabotage is your No.1 enemy

Over-trading is your No.2 enemy

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies TE Overview Aug20 NYClosed 21-8-2021 8-45-11 am.png Size: 86 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,464
  • Aug 20, 2021 8:27pm Aug 20, 2021 8:27pm
Quoting hasib
https://youtu.be/G49emZmJpdM



I have been following his weekly trading sessions since I signed up with Infinity Futures.

Jim Cagnina is a very experienced trader. He has good trading discipline which we can learn from.

I am sure if Big E is alive today, he would be trading E-Mini Futures S&P too instead of trading the US stock markets.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,465
  • Edited 8:54pm Aug 20, 2021 8:28pm | Edited 8:54pm
You cannot get any simpler than this folks

4 or daily chart Hourly chart for direction
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Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-08-21 095329.png Size: 171 KB
  • #123,466
  • Edited 8:54pm Aug 20, 2021 8:34pm | Edited 8:54pm
Quoting Dingoman-two
You cannot get any simpler than this folks {image}

"You cannot get any simpler than this folks

4 or daily chart Hourly chart for direction"



that's OP Big E' Post#281 too!

"As always trade wisely folks,And then with Patience,time will reveal all"
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,467
  • Aug 20, 2021 10:32pm Aug 20, 2021 10:32pm
Quoting emmanuel7788
{quote} "Last time Tekkies checked > Tekkies got the blame for no visible TE." @Tekkies show us all the posts where you "Tekkies got the blame for no visible TE" #self-sabotage is your No.1 enemy Over-trading is your No.2 enemy {image}
IMHO, I think he doesn't have a skill to pick quality breakouts. For breakout traders breakout quality is very important. That's because breakout traders are very vulnerable to algo traps as they mostly buy at expensive price (this is what user 'Divergence' criticized all the time about TMS). Of course you cannot tell its quality by seeing green line crossing red lines with steep angle. That's a joke. Also, breakout trading is very boring because most of time you should wait quality breakouts. Look how RJ traded. He waited forever and often closed the week with empty hands. He finally left FF after he pissed off to the choppy market. Anyway, at least he knew the quality of breakouts. Breakout trading is one of the most difficult trading methods I believe. Big E's TMS is originally breakout trading and breakout traders cannot prosper in the long run especially these days.

The following is one of his recent tradings. It looks he shoots at every breakouts. Very easy prey for algo hunters.
I guess if he simply applies MA as a filter, he could have much better results. I think he doesn't have any solid strategy or rule.
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-08-21_12-13-58.png Size: 434 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #123,468
  • Aug 21, 2021 5:18am Aug 21, 2021 5:18am
Quoting emmanuel7788
{quote} "You cannot get any simpler than this folks 4 or daily chart Hourly chart for direction" that's OP Big E' Post#281 too! "As always trade wisely folks,And then with Patience,time will reveal all"
eelfranz WAS/IS STILL GOOD VALUE MY FRIEND

  • #123,469
  • Aug 21, 2021 7:33am Aug 21, 2021 7:33am
Quoting emmanuel7788
{quote} {quote} GBPUSD Aug 20 trades closed - good week with this pair contributing to my overall weekly gains. - stick to Big E' posts and trade the 4hr and Daily chart timeframes swings. Do not trade any timeframe below H1. - be DISCIPLINED, > 1) have your trading hours and trade only during your trading hours. > 2) do not repeat the same mistakes over and over again. #SELF-SABOTAGE# - do not overtrade! {image}
I have to admit Beginning of the week I thought gu will move up, I saw Daily chart flag pattern. After losing a trade I don't touch GU. I find second sell setup too late. when I come to PC I saw you post a setup I saw in the chart It is good one but I miss it. I am having good time with US30.
MA provides the market's current direction and strength.
  • #123,470
  • Aug 21, 2021 9:13am Aug 21, 2021 9:13am
Quoting Tekkies
{quote} Ask to see his TE linked to what gets posted, the excuse will leave you astounded. Last time Tekkies checked > Tekkies got the blame for no visible TE.
Tekkies This is the best help I could do to you. If you understand what he said you will Thank me. If you don't understand what he is talking you will dislike me.
Inserted Video
MA provides the market's current direction and strength.
  • #123,471
  • Edited 8:06pm Aug 21, 2021 7:47pm | Edited 8:06pm
Quoting hasib
{quote} I have to admit Beginning of the week I thought gu will move up, I saw Daily chart flag pattern. After losing a trade I don't touch GU. I find second sell setup too late. when I come to PC I saw you post a setup I saw in the chart It is good one but I miss it. I am having good time with US30.
I always start the new trading week with my Big Picture and Weekly Top Down Analysis.

Also review the past week and learn from what happened in the market place - economic events, world events, etc. and also review what some well know market analysts and professional traders had posted weeks ago.

GBPUSD Week 33 Aug 16 to 20 review:

Daily Big Picture as of Aug20 New York Close.

- I have my MN historical key swing levels (violet colour lines). These are price levels for my long swing trading.
- I have my Daily price bar chart and the Weekly candles in foreground
- I look at the Weekly price action and the market type condition if it is trending or sideways.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Daily Big Picture AUg20 NYClosed 22-8-2021 8-34-39 am.png Size: 36 KB


Weekly Pivot:

Last week, we have in one Telegram group discussing the use of Weekly Pivots (Standard pivot) and look at price levels and CONFLUENCE of support & resistance.
- amazingly , one member shared how the big move started at Weekly Open & Pivot and the market move down to extreme S4 level.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week33 Aug16-20 Pivot review 22-8-2021 8-33-33 am.png Size: 60 KB


For those who want to know how the Weekly Standard Pivots are calculated, here is the link to babypips school of pipsology.
https://www.babypips.com/learn/forex/forex-pivot-points

There are other formulae and calculations of pivots - Woodies, Camarilla, Fibonacci, etc.
https://www.babypips.com/learn/forex...lation-methods

Like all things in trading the markets none is holy grail and neither work 100% of the time.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,472
  • Aug 21, 2021 8:18pm Aug 21, 2021 8:18pm
Quoting emmanuel7788
{quote} I always start the new trading week with my Big Picture and Weekly Top Down Analysis. Also review the past week and learn from what happened in the market place - economic events, world events, etc. and also review what some well know market analysts and professional traders had posted weeks ago. GBPUSD Week 33 Aug 16 to 20 review: Daily Big Picture as of Aug20 New York Close. - I have my MN historical key swing levels (violet colour lines). These are price levels for my long swing trading. - I have my Daily price bar chart and the Weekly...

Weekly Pivots:

I use the pivot indicator with On/Off button so I get a clean uncluttered chart and I see the HA candles PA and its 5EMA better.

Attached Image (click to enlarge)
Click to Enlarge Name: GU H4 chart with Pivot 22-8-2021 9-12-43 am.png Size: 58 KB

You can choose your own preferences in the indicator settings/parameters.

or you can visit NickBixy' thread here :
https://www.forexfactory.com/thread/...ner-alerts-mt4

Have Fun and Enjoy your Learning Journey

Stay Safe
Attached File(s)
File Type: mq4 PivotPointsLines (button).mq4   42 KB | 670 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,473
  • Aug 21, 2021 9:52pm Aug 21, 2021 9:52pm
Quoting hasib
Davit, You mention me in your post seems like you can't forget me since I talk about your weakness. As a gentlemen you should thank me because I am the man who point out your trading problem. If you allow me I can point many of your BS teaching and your trading problem. I am afraid you can't stand the criticism, I will not point more of your BS but Few I can point here. You post more than 20K in FF, if any one read your post they will find few things most of the posts are BS. You recommend few site,...
Hi Hasib, you have an interesting argument.

1. George Soros is a professional trader. He, Stanley Drunkenmiller, Victor Niederhoffer, and a few other have made > 100% on capital. Ever heard of a 10 bagger? Read up on Peter Lynch. 65% is not that much if you trade volatility and have an adequate time horizon.

2. We are all gamblers. Speculators who think they are not gambling simply do not understand the nature of the business they have chosen and are most likely chasing the non-existent holy grail. Anything with less than 100% probability of outcome is gambling, so humans are gambling most of the time.

3. Sharing 2 years of trading performance with any vendor site is a fool's errand. He who lives well lives well hidden.

4. If you think about it, there is no such thing as a consistent trader when it comes to gains and losses. While the overall market is not random, the way it behaves is random, so your results will be randomized to a large extent.

5. A lot of times BS to some is simply revealing that they lack the cognitive skill set to understand with clarity what is being written. This tends to clear up with time and the application of an open mind.

Food for thought. Have a great day!
If you are good at something, never do it for free--Joker
  • #123,474
  • Aug 22, 2021 12:07am Aug 22, 2021 12:07am
Quoting jmn5611
{quote} Hi Hasib, you have an interesting argument. 1. George Soros is a professional trader. He, Stanley Drunkenmiller, Victor Niederhoffer, and a few other have made > 100% on capital. Ever heard of a 10 bagger? Read up on Peter Lynch. 65% is not that much if you trade volatility and have an adequate time horizon. 2. We are all gamblers. Speculators who think they are not gambling simply do not understand the nature of the business they have chosen and are most likely chasing the non-existent holy grail. Anything with less than 100% probability...
1. 100% gain on capital, what was time horizon, Is it year or month?
2. There are traders who has nice a excellent track record of their performance Experience trader heispark share it here.
3. If you think your a gambler your right, if you think your not a Gambler your right. Don't act smart, Don't try to teach us that trading is gambling. when comes to gambling in market we mean risking more than we should. Do you know what is risk of ruin, how it calculate? how it affect your position sizing, How it affect your over all trading success? You will understand every thing when you can start beyond TDI and Stochastic Oscillator,
4. your inability to understand what is high risk and what is gambling is clearly shows how much skill trader you are. Of course if your want to open trade and pray and hope Pivot trading is for you.
BTW Most of professional traders if they use pivot , they chose to use floor pivot not BS fib pivot.
MA provides the market's current direction and strength.
  • #123,475
  • Aug 22, 2021 12:41am Aug 22, 2021 12:41am
1. 100% gain on capital, what was time horizon, Is it year or month?

This depends on the instrument hasib, you should know this. Are you trading options, futures, options on futures? What is the volatility of your instrument?

2. There are traders who has nice a excellent track record of their performance Experience trader heispark share it here.

Justin suffers fools gladly and is very generous. Most of us are not like that.

3. If you think your a gambler your right, if you think your not a Gambler your right.

As English is not your first language, I will not scold you for such a misinformed statement. Google the definition of gambling. Use a dictionary of your choice and we will come back to this topic.

Don't act smart, Don't try to teach us that trading is gambling. when comes to gambling in market we mean risking more than we should.

Risk tolerance is subjective hasib. Risking more than we should means different things to different people. This is clearly the Dunning-Kruger effect at work on you.

Do you know what is risk of ruin, how it calculate? how it affect your position sizing, How it affect your over all trading success?

Of course.

You will understand every thing when you can start beyond TDI and Stochastic Oscillator

Says who, you? You don't know what you don't know hasib.

4. your inability to understand what is high risk and what is gambling is clearly shows how much skill trader you are. Of course if your want to open trade and pray and hope Pivot trading is for you.

This just show a clear lack of the ability to comprehend this style of trading. Or, maybe you rushed in without the experience and blew yourself up, now you are mad.

BTW Most of professional traders if they use pivot , they chose to use floor pivot not BS fib pivot.

Floor pivots and Fib pivots are decision points on a chart, nothing more. It does not matter which ones you use if you know what you are doing and why you are doing it. I will presume that you actually know most professional traders for the sake of argument. I am a nice guy.

I understand you are trying to learn. Don't quit hasib, you will get there eventually.

Quoting emmanuel7788
{quote} Weekly Pivots: I use the pivot indicator with On/Off button so I get a clean uncluttered chart and I see the HA candles PA and its 5EMA better. {image} You can choose your own preferences in the indicator settings/parameters. or you can visit NickBixy' thread here : https://www.forexfactory.com/thread/...ner-alerts-mt4 Have Fun and Enjoy your Learning Journey Stay Safe {file}
This indicator was actually handy.
If you are good at something, never do it for free--Joker
  • #123,476
  • Aug 22, 2021 1:23am Aug 22, 2021 1:23am
Quoting jmn5611
1. 100% gain on capital, what was time horizon, Is it year or month? This depends on the instrument hasib, you should know this. Are you trading options, futures, options on futures? What is the volatility of your instrument? 2. There are traders who has nice a excellent track record of their performance Experience trader heispark share it here. Justin suffers fools gladly and is very generous. Most of us are not like that. 3. If you think your a gambler your right, if you think your not a Gambler...
Nice, For the argument purpose, Lets say you understand, everything since English is your first language.
Show us your 6 month trading performance with pivot trading, we want to see what is your DD and what is Your risk reward.
What is your account matrix?
I know you can't do that. What you can do is Act expert, Most easy thinks in this FF is showing how good and expert you are.
BTW My first language is not English but we are communicating with English here. Nice try to show the world that your from USA and you understand English Better than any one else the the world. another point Read Davit old post you will find lots of misspelling in his writing.
I agree I want to learn and apply, I learn each day, Because I am not expert and I don't want to act expert like Davit and Takkies. We all know how they lose their account faster than we imagine.
I agree with you another point although you don't say it, There are many good traders In the USA.
Point is if you gain 65% return in a month you will lose large amount of your capital sooner. ( Read it again hope you understand this simple sentence) If not it happen, you will become Number one rich man in the world very quickly. Your friend Davit show in his post how a trader can become multi millionaire with in few years by gaining 10% return. You do a job calculate your 3 years return with 65% return and keep dreaming.

I want to inform you I read Peter Lynch 2 books.
Don't claim, You and Davit is not George Soros, Stanley Drunkenmiller, Victor Niederhoffer.
Now it getting too much, Your acting Too much expert here.
MA provides the market's current direction and strength.
  • #123,477
  • Aug 22, 2021 1:51am Aug 22, 2021 1:51am
Nice, For the argument purpose, Lets say you understand, everything since English is your first language.

Okay.

Show us your 6 month trading performance with pivot trading, we want to see what is your DD and what is Your risk reward. What is your account matrix?

No one who is not a vendor trying to sell a course would do that. Further, if I did, you would swear it was photoshopped. I know your type.


I know you can't do that. What you can do is Act expert, Most easy thinks in this FF is showing how good and expert you are.

Speaking of English not being your first language, please show a single post in my 9 years on this site that I used the word "expert". Please show me where I inferred that I have expertise beyond my experienced peers.

BTW My first language is not English but we are communicating with English here.

Typing English and communicating with precision are not the same hasib.

Nice try to show the world that your from USA and you understand English Better than any one else the the world.

If I hurt your feelings, I apologize.


another point Read Davit old post you will find lots of misspelling in his writing. I agree I want to learn and apply, I learn each day, Because I am not expert and I don't want to act expert like Davit and Takkies. We all know how they lose their account faster than we imagine.

We do? You speak the underlined as fact. This requires proof of your assertion. Do you have any?

I agree with you another point although you don't say it, There are many good traders In the USA. Point is if you gain 65% return in a month you will lose large amount of your capital sooner. ( Read it again hope you understand this simple sentence)

Do you have any evidence to support this assertion? This is the second time you have expressed opinion as fact.

If not it happen, you will become Number one rich man in the world very quickly.

No, the more money you need to move, the harder it is to move it.

Your friend Davit show in his post how a trader can become multi millionaire with in few years by gaining 10% return. You do a job calculate your 3 years return with 65% return and keep dreaming.

You presume 65% return every month, which is simply an inability to read for context hasib. I am not attacking you, I am simply pointing out obvious errors in your interpretation.

I want to inform you I read Peter Lynch 2 books. Don't claim, You and Davit is not George Soros, Stanley Drunkenmiller, Victor Niederhoffer. Now it getting too much, Your acting Too much expert here.

How does one act an expert without claiming themselves such? This is insecure thinking on your part hasib. Regarding reading Lynch, did you actually understand what you read? If you did, you would not have an issue with 65% when Lynch himself has stated, with records, that he has made 1000% return on capital.

Keep at it. You will get there.
If you are good at something, never do it for free--Joker
  • #123,478
  • Aug 22, 2021 2:12am Aug 22, 2021 2:12am
Quoting jmn5611
Nice, For the argument purpose, Lets say you understand, everything since English is your first language. Okay. Show us your 6 month trading performance with pivot trading, we want to see what is your DD and what is Your risk reward. What is your account matrix? No one who is not a vendor trying to sell a course would do that. Further, if I did, you would swear it was photoshopped. I know your type. I know you can't do that. What you can do is Act expert, Most easy thinks in this FF is showing how good and expert you are. Speaking of English not...
I am enjoying, Keep posting your argument, Little bit funny but Keep posting one day you get there.
Remember I know your type, I know you can't share your performance.
Some people in the world, Talks a lot but can't walk their talk.

.
MA provides the market's current direction and strength.
  • #123,479
  • Aug 22, 2021 2:20am Aug 22, 2021 2:20am
Quoting emmanuel7788
{quote} I always start the new trading week with my Big Picture and Weekly Top Down Analysis. Also review the past week and learn from what happened in the market place - economic events, world events, etc. and also review what some well know market analysts and professional traders had posted weeks ago. GBPUSD Week 33 Aug 16 to 20 review: Daily Big Picture as of Aug20 New York Close. - I have my MN historical key swing levels (violet colour lines). These are price levels for my long swing trading. - I have my Daily price bar chart and the Weekly...
Could you pls explain more this phrase "Last week, we have in one Telegram group discussing the use of Weekly Pivots (Standard pivot) and look at price levels and CONFLUENCE of support & resistance. - amazingly , one member shared how the big move started at Weekly Open & Pivot and the market move down to extreme S4 level. "
  • #123,480
  • Aug 22, 2021 2:25am Aug 22, 2021 2:25am
Hi all friends

You know Larry williams Trading results and what happen after his results he explain it, You will find it many places.
he learn one point -
Point is if you gain large % return in a month you will lose large amount of your capital sooner.

It is well documented.

Some stupid Never get this point, they will argue with you again and again, Basically they Never get it until it happen to them. some people don't understand the point even if they lose large amount of money. They blame Fundamentals they blame Technical.

What you can do is trade safe and risk less so that you can survive in the market, once your survive you can gain much better than this stupid. Play the long game.
MA provides the market's current direction and strength.
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