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Trading Made Simple

  • #125,401
  • Sep 23, 2021 8:27am Sep 23, 2021 8:27am
Quoting hasib
{quote} I have no intention to insult any one.
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  • #125,402
  • Edited 8:57am Sep 23, 2021 8:28am | Edited 8:57am
Quote
#486
I'm disappointed in a few of you and your actions. This is my thread and my method... traded the
way I've laid it out.
I don't want to see any more posts that discuss other indicators... other ways... I'm here to help
you to make money at no cost to you and I've invested thousands of hours doing just that.
Just show your support and respect that were discussing the 5 method... making trading simple.

Big E's quote.
  • #125,403
  • Edited 8:54am Sep 23, 2021 8:30am | Edited 8:54am
Quoting hasib
{quote} Where is your trade, new traders want to learn, teach them trading. No personal attacks please. I have a question. 1. Do you have trading success like takkies. Please don't take it personally, I have no intention to insult any one.
I have no intention to insult any one.
Thanks for the change in attitude, or at least intent. However, based on past performance, I am skeptical that this will last more than a few days. Behavioral changes are difficult and are long-lasting typically only when a significant emotional episode is coincident. I'm not trying to insult you, just stating my expectations based on observed behavior.
To free Gazans of Hamas, use whatever it takes.
  • #125,404
  • Sep 23, 2021 8:45am Sep 23, 2021 8:45am
Quoting hasib
{quote} Where is your trade, new traders want to learn, teach them trading. No personal attacks please. I have a question. 1. Do you have trading success like takkies. Please don't take it personally, I have no intention to insult any one.

Salam Hasib is that possible we can skype or whatsapp?
  • #125,405
  • Sep 23, 2021 8:53am Sep 23, 2021 8:53am
DrDave, Learn form this young man. Don't complicate your trading.

Inserted Video
MA provides the market's current direction and strength.
  • #125,406
  • Sep 23, 2021 8:53am Sep 23, 2021 8:53am
Quoting hasib
DrDave, Learn form this young man. Don't complicate your trading. https://youtu.be/hHjuz10zaSQ?list=PL...1Xpvg6rIoX16qS
Attached Image
  • #125,407
  • Sep 23, 2021 8:57am Sep 23, 2021 8:57am
Quoting hasib
DrDave, Learn form this young man. Don't complicate your trading. https://youtu.be/hHjuz10zaSQ?list=PL...1Xpvg6rIoX16qS
Thanks, Hasib. I am always open to learning more. But I don't necessarily need it to improve my results.

Attached Image
To free Gazans of Hamas, use whatever it takes.
  • #125,408
  • Sep 23, 2021 9:02am Sep 23, 2021 9:02am
Quoting Tanveer87
{quote} Salam Hasib is that possible we can skype or whatsapp?
Hi Tanveer
Check your FF inbox. But don't expect much since I don't sell anything.
MA provides the market's current direction and strength.
  • #125,409
  • Sep 23, 2021 9:15am Sep 23, 2021 9:15am
Quoting DrDave
{quote} Thanks, Hasib. I am always open to learning more. But I don't necessarily need it to improve my results. {image}
I can see, Your trading without stop loss that is why your win rate is close to 100.

I personally inspired by Ed Seykota

“If you can’t take a small loss, sooner or later you will take the mother of all losses.”

I know a Trader he trade without stop, he has 100% win rate for 5 month, He trade EU only. I told him the ED Seykota advice, He didn't listen to me.
After 5 months he lost his all gain and his trading balance.
MA provides the market's current direction and strength.
  • #125,410
  • Sep 23, 2021 9:36am Sep 23, 2021 9:36am
Quoting hasib
DrDave, Learn form this young man. Don't complicate your trading. https://youtu.be/hHjuz10zaSQ?list=PL...1Xpvg6rIoX16qS
LOL Hasib. He has nothing new to present. The tired old 2 EMAs crossover for direction. And he notes the well known problem of ranging on a TF results in direction whipsaws. This old information repeated by a new generation of wannabe traders demonstrates that they haven't done proper studying of their chosen topic: If they HAD, then they would simply state that this is an old idea that is not of much value and then move on to some worthwhile topic.
To free Gazans of Hamas, use whatever it takes.
  • #125,411
  • Sep 23, 2021 9:44am Sep 23, 2021 9:44am
Ed Seykota, I just love this mans quotes

1. “If I am bullish, I neither buy on a reaction, nor wait for strength; I am already in. I turn bullish at the instant my buy stop is hit, and stay bullish until my sell stop is hit. Being bullish and not being long is illogical.”

2. “Fundamentalists figure things out and anticipate change. Trend followers join the trend of the moment. Fundamentalists try to solve their feelings. Trend followers join their feelings and observe them evolve and dis-solve.”

3. "Systems don’t need to be changed. The trick is for a trader to develop a system with which he is compatible”

4. “It can be very expensive to try to convince the markets you are right.”

5. “There are old traders and there are bold traders, but there are very few old, bold traders.”

6. “I would add that I consider myself and how I do things as a kind of system which, by definition, I always follow.”

7. “Systems trading is ultimately discretionary. The manager still has to decide how much risk to accept, which markets to play, and how aggressively to increase and decrease the trading base as a function of equity change.”

8. “Trying to trade during a losing streak is emotionally devastating. Trying to play “catch up” is lethal.”

9. “The elements of good trading are: 1, cutting losses. 2, cutting losses. And 3, cutting losses. If you can follow these three rules, you may have a chance.”

10. “Losing a position is aggravating, whereas losing your nerve is devastating.”

11. “Having a quote machine is like having a slot machine at your desk – you end up feeding it all day long. I get my price data after the close each day.”

12. “A losing trader can do little to transform himself into a winning trader. A losing trader is not going to want to transform himself. That’s the kind of thing winning traders do.”
13. "If you can’t take a small loss, sooner or later you will take the mother of all losses.”

14. “It is a happy circumstance that when nature gives us true burning desires, she also gives us the means to satisfy them. Those who want to win and lack skill can get someone with skill to help them.”

15. “Risk no more that you can afford to lose, and also risk enough so that a win is meaningful.”

16. “Dramatic and emotional trading experiences tend to be negative. Pride is a great banana peel, as are hope, fear, and greed. My biggest slip-ups occurred shortly after I got emotionally involved with positions.”

17. “Be sensitive to subtle differences between ‘intuition’ and ‘into wishing’.”

18. “The trading rules I live by are: 1. Cut losses. 2. Ride winners. 3. Keep bets small. 4. Follow the rules without question. 5. Know when to break the rules.”

19. “I usually ignore advice from other traders, especially the ones who believe they are on to a “sure thing”. The old timers, who talk about “maybe there is a chance of so and so,” are often right and early.”

20. “I set protective stops at the same time I enter a trade. I normally move these stops in to lock in a profit as the trend continues. Sometimes, I take profits when a market gets wild. This usually doesn’t get me out any better than waiting for my stops to close in, but it does cut down on the volatility of the portfolio, which helps calm my nerves. Losing a position is aggravating, whereas losing your nerve is devastating.”

21. “I intend to risk below 5 percent on a trade, allowing for poor executions.”

22.“I don’t judge success, I celebrate it. I think success has to do with finding and following one’s calling regardless of financial gain.” (On losing streaks and over-trading) “Acting out this drama could be exciting. However, it also seems terribly expensive. One alternative is to keep bets small and then to systematically keep reducing risk during equity drawdowns. That way you have a gentle financial and emotional touchdown.”

23. “In order of importance to me are: 1) the long term trend, 2) the current chart pattern, and 3) picking a good spot to buy or sell.”

24. “Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.”

25. “Fundamentals that you read about are typically useless as the market has already discounted the price, and I call them “funny-mentals”. However, if you catch on early, before others believe, you might have valuable “surprise-a-mentals”.”

26. “If you can’t measure it, you probably can’t manage it… Things you measure tend to improve.”

27. “The key to long-term survival and prosperity has a lot to do with the money management techniques incorporated into the technical system.”

28. “If you want to know everything about the market, go to the beach. Push and pull your hands with the waves. Some are bigger waves, some are smaller. But if you try to push the wave out when it’s coming in, it’ll never happen. The market is always right”

29. “To avoid whipsaw losses, stop trading”
30. “Pyramiding instructions appear on dollar bills. Add smaller and smaller amounts on the way up. Keep your eye open at the top.”

31. “Markets are fundamentally volatile. No way around it. Your problem is not in the math. There is no math to get you out of having to experience uncertainty.”
32. “Our work is not so much to treat or to cure feelings, as to accept and celebrate them. This is a critical difference.”

33. “Before I enter a trade, I set stops at a point at which the chart sours.”
34. “Trading requires skill at reading the markets and at managing your own anxieties.”
35. “The positive intention of fear is risk control.”

36. “Speculate with less than 10% of your liquid net worth. Risk less than 1% of your speculative account on a trade. This tends to keep the fluctuations in the trading account small, relative to net worth. This is essential as large fluctuations can engage {emotions} and lead to feeling-justifying drama.”
MA provides the market's current direction and strength.
  • #125,412
  • Sep 23, 2021 9:48am Sep 23, 2021 9:48am
Quoting hasib
{quote} I can see, Your trading without stop loss that is why your win rate is close to 100. I personally inspired by Ed Seykota “If you can’t take a small loss, sooner or later you will take the mother of all losses.” I know a Trader he trade without stop, he has 100% win rate for 5 month, He trade EU only. I told him the ED Seykota advice, He didn't listen to me. After 5 months he lost his all gain and his trading balance.
Your trading without stop loss that is why your win rate is close to 100.
You are wrong. I use a stop loss placed such that I will lose 1% of my initial account stake if it is hit. In fact, my broker frowns on clients not using a SL on every trade, so they will close all open trades if the floating equity drops to a specified threshold. That record of 346 closed trades spans a bit more than a year. My win rate is so high because I enter trades that have high probability of reaching my TP before they reach the SL. And that is because I check multiple TFs and know the control TF and the dynamic focus TF as well as where the relevant swings and the volatility ranking are on those before I place a trade.

[Now let's wait to see what toxic trash the ToxicFakeTrader Vincent dumps here.]
To free Gazans of Hamas, use whatever it takes.
  • #125,413
  • Sep 23, 2021 9:57am Sep 23, 2021 9:57am
Posted by an adviser on this system ... The result is not bad, only Flat, at times, all spoils ...
  • #125,414
  • Edited 10:26am Sep 23, 2021 10:06am | Edited 10:26am
Quoting DrDave
{quote} Your trading without stop loss that is why your win rate is close to 100. You are wrong. I use a stop loss placed such that I will lose 1% of my initial account stake if it is hit. In fact, my broker frowns on clients not using a SL on every trade, so they will close all open trades if the floating equity drops to a specified threshold. That record of 346 closed trades spans a bit more than a year. My win rate is so high because I enter trades that have high probability of reaching my TP before they reach the SL. And that is because I check...

No trader has 100% or 99% win rate. Tell your mambo jambo to new trader they will believe you. If you use 500 pips stop. That is not good news.

This kind of (100% win rate or 99% win rate) results is possible in 2 ways,
1. if you Photoshop it or
2. For small period you trade without stop loss or Big stop loss like 250 or 400 or 500 pips stop loss. Eventually you will lose all of your account.
MA provides the market's current direction and strength.
  • #125,415
  • Sep 23, 2021 10:27am Sep 23, 2021 10:27am
Quoting hasib
{quote} Hi Tanveer Check your FF inbox. But don't expect much since I don't sell anything.
Attached Image
  • #125,416
  • Sep 23, 2021 10:34am Sep 23, 2021 10:34am
Quoting hasib
{quote} No trader has 100% or 99% win rate. Tell your mambo jambo to new trader they will believe you. If you use 500 pips stop. That is not good news. This kind of (100% win rate or 99% win rate) results is possible in 2 ways, 1. if you Photoshop it or 2. For small period you trade without stop loss or Big stop loss like 250 or 400 or 500 pips stop loss. Eventually you will lose all of your account.
This kind of (100% win rate or 99% win rate) results is possible in 2 3 ways,
1. if you Photoshop it or
2. For small period you trade without stop loss or Big stop loss like 250 or 400 or 500 pips stop loss. Eventually you will lose all of your account or
3. The way DrDave does it.
Spin it any way that makes you happy. I'll continue happily the same system and and with same results as I have been doing for some time now.
To free Gazans of Hamas, use whatever it takes.
  • #125,417
  • Sep 23, 2021 10:37am Sep 23, 2021 10:37am
Quoting dzimidula
Quote
Hi Tanveer
Check your FF inbox. But don't expect much since I don't sell anything.
Attached Image
Yeah. No matter if he is selling or not selling, the expectations are still low.
To free Gazans of Hamas, use whatever it takes.
  • #125,418
  • Sep 23, 2021 10:50am Sep 23, 2021 10:50am
Quoting DrDave
{quote}{quote} Yeah. No matter if he is selling or not selling, the expectations are still low. {image}
Imagine the crap that guy will go through if they do hook up, until he realizes
  • #125,419
  • Sep 23, 2021 10:53am Sep 23, 2021 10:53am
Quoting dzimidula
{quote} Imagine the crap that guy will go through if they do hook up, until he realizes
To free Gazans of Hamas, use whatever it takes.
  • #125,420
  • Sep 23, 2021 10:54am Sep 23, 2021 10:54am
Hello, is this strategy can work for xauusd ? especially on 15m tf?
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