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Trading Made Simple

  • #133,481
  • Aug 10, 2022 6:14pm Aug 10, 2022 6:14pm
Quoting Tekkies
{quote} Is that so!!!! Who's notes must they read / study? Yours (minim of 20 plus posts per day) which does not have any references to TDI or any advice how to trade with TDI. or BigE.s post that do use TDI as an signal to place a possible trade. ---- In the last month Vincnet, can you show any trade that was place by you where TDI indicated a possible trade and you used post#647 to confirm the profitability of such an indicate trade.

hey @Tekkies

more key notes for you to learn from.

its Post#202 from the old thread:

TDI was a helping indicator .... like learning wheels when children start to ride a bicycle.

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look ... who is having more fun ?

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,482
  • Aug 10, 2022 6:20pm Aug 10, 2022 6:20pm
Quoting emmanuel7788
{quote} "short Usdcad @1.2888" UsdCad Aug10 H4 EST 4:15am - the current Big E' 4hr PDT10PM candle still sideways with little 'heartbeat' ... trapped in a Master Candle high-low - why go short? > wait for today US CPI data which is pro-USD {image}

weaker CPI data sinks dollar ... and its only temporary.

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Click to Enlarge Name: UsdCad Aug11 CPI sinks dlr 11-8-2022 6-57-05 am.png Size: 54 KB


we will know when Friday New York 5pm Close and we will do our usual Weekly Top Down Analysis WTDA and update out Big Picture Plan.

question is will the current Market Type#3 change ?

if that changes to Market Type#2, then what shall be our Trade Plan for Week 33 Aug 15 to 19?



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,483
  • Aug 10, 2022 6:38pm Aug 10, 2022 6:38pm
Quoting DrDave
{quote} LOL. More smoke and mirrors to fool the naive. Here are tha calculations based on that $1000/trading day with a starting balance of $10,000. 1.) There are 200 trading days per year. With netting an average of $1000/day, the very first year you gain $200,000!! 2.) Let's be more realistic and have only 100 days of trading per year rather than 200. So this brings you $100,000 at the end of your first year, giving you an account balance of $110,000. 3.) Using values from 2.), you gain $50,000 in the first 6 months! Does that sound likeit is...

reading this @Fake'Dr' post and his usual daily verbal diarrhea in this thread.

we can conclude he is the dumbest person here who does not understand trade Position Sizing strategy in trading with margin account.

we have already concluded years ago that his 'Dr' is fake, anyone with that academic achievement will easily learn from Dr Van Tharp Money Management Report and know the simplicity and key advantage in Position Sizing.

read this Money Management Report {< click },

If @Fake'Dr' thinks $10,000 is throw away money, then he should have learn from this thread that $10,000 is real money.
https://www.forexfactory.com/thread/...0#post11834080
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,484
  • Aug 10, 2022 6:52pm Aug 10, 2022 6:52pm
Quoting DrDave
{quote} LOL. More smoke and mirrors to fool the naive. Here are tha calculations based on that $1000/trading day with a starting balance of $10,000. 1.) There are 200 trading days per year. With netting an average of $1000/day, the very first year you gain $200,000!! 2.) Let's be more realistic and have only 100 days of trading per year rather than 200. So this brings you $100,000 at the end of your first year, giving you an account balance of $110,000. 3.) Using values from 2.), you gain $50,000 in the first 6 months! Does that sound likeit is...
hey Fake'Dr' you lost money again. No surprise here.

that's okay because 95% of traders lose money. Some say 99% of new traders lose money.

Do you know that 99% of retail forex traders lose money?

Why 99% of traders lose money { here }

and hanover gave a long list why { here }

take note of No.7 and No.35

  1.  No proven methodological edge
  2.  Lack of knowledge and experience
  3.  No trading plan
  4.  Failure to accept losses (causes recovery systems, irrecoverable open losses, revenge trading)
  5.  Poor or non-existent risk management (i.e. focusing on return over everything else)
  6.  Making decisions based on P/L rather than market probabilities/behavior (focusing on the money, rather than the process)
  7.  Undercapitalization (causes greed, overtrading, overleveraging) -- [NOTE: according to many br0kers, this is the most common cause of failure]
  8.  Over-reliance on money management (including ideas like same-pair hedges, baskets, grids, averaging down recklessly, martingale variants)
  9.  Complacency: a lack of respect for the market
  10.  Laziness: trying to find a color-by-number shortcut to riches (i.e. make the most money in the shortest time with the least effort)
  11.  Adherence to "$250 to $100,000 in 6 months" type notions
  12.  Adherence to trading myths
  13.  Lack of discipline
  14.  Lack of patience
  15.  Lack of resilience (unable to bounce back after losses)
  16.  Lack of composure/nerve (afraid to "pull the trigger")
  17.  Lack of stamina (quit too quickly)
  18.  Lack of dedication (failure to put in the required number of hours of study)
  19.  Failure to understand the importance of statistical validity, and the nature of statistical fluctuation
  20.  Failure to keep a journal
  21.  Over-reliance on automated systems (EAs)
  22.  Over-reliance on technical analysis (using tools that "don't work")
  23.  Exiting too early (should take higher RR trades)
  24.  Exiting too late (should take lower RR trades)
  25.  Hindsight bias
  26.  Confirmation bias
  27.  Recency bias
  28. Apophenia
  29.  Curve fitting
  30.  Strategies that test profitably, but are not grounded in real market inefficiencies
  31.  Randomness of price movement
  32.  Letting outside noise affect your decision making
  33.  Underestimating the effect of br0ker costs
  34.  Underestimation of the amount of expertise that is required
  35.  TDA with IMT

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,485
  • Aug 10, 2022 7:16pm Aug 10, 2022 7:16pm
Quoting havenoidea
Short Gbpchf @1.1526 maybe Sideway is it the key, the missing piece of bigE method ? good luck yall {image}

the key to Big E' success in trading his 5-Method is ... his discretionary 'ENTRY and EXIT'

and that has very little to do with the TDI.

the other key achieving and maintaining CONSISTENT trading results is trading DISCIPLINE.

if trading the H4 and expects each swing to run 3 to 8 candles, and there are 29 (or 30) H4 candles in one week, ... then what is the market conditions, trending or ranging?

can you trade both ways in the same week?

can you trade the 4hr EST 1am (PDT10pm) and EST 5am (PDT 2am) 4hr candles and close your trades at EST 9am( PDT 6am) by following simple rules for entry and exit with DISCIPLINE?

I know a few traders here can.

Pick your 10pm and 2am setup candles carefully with very strict setup conditions. No need for the TDI.

Money Management is the next bigger part of a winning system strategy. Develop one of your own.

Anyone here want to start a new trading account USD10,000 ... LIVE!

and we trade together the 4hr candles.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,486
  • Aug 11, 2022 12:30am Aug 11, 2022 12:30am
Quoting emmanuel7788
{quote} the key to Big E' success in trading his 5-Method is ... his discretionary 'ENTRY and EXIT' and that has very little to do with the TDI. the other key achieving and maintaining CONSISTENT trading results is trading DISCIPLINE. if trading the H4 and expects each swing to run 3 to 8 candles, and there are 29 (or 30) H4 candles in one week, ... then what is the market conditions, trending or ranging? can you trade both ways in the same week? can you trade the 4hr EST 1am (PDT10pm) and EST 5am (PDT 2am) 4hr candles and close your trades at EST...

TMS Monitor Aug 11 EST 1am PDT 10pm

- do you have a trade plan?

- it is easier when you already have a trade plan and know what setup to look at at this 4hr candle

- now go to your charts and pick the pair

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Aug11 4hr 1am EST 11-8-2022 1-26-48 pm.png Size: 24 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,487
  • Aug 11, 2022 2:26am Aug 11, 2022 2:26am
Quoting emmanuel7788
{quote} TMS Monitor Aug 11 EST 1am PDT 10pm - do you have a trade plan? - it is easier when you already have a trade plan and know what setup to look at at this 4hr candle - now go to your charts and pick the pair {image} ...
still the same 4hr trade window

Frankfurt Open candle provide the several buy and sell setup signals

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Aug11 FO provide the setup signal 11-8-2022 3-23-51 pm.png Size: 25 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,488
  • Aug 11, 2022 2:55am Aug 11, 2022 2:55am
Quoting emmanuel7788
{quote} still the same 4hr trade window Frankfurt Open candle provide the several buy and sell setup signals {image} ...
yep I agree with Buy and sell Signal in your pic, nice set up.
  • #133,489
  • Aug 11, 2022 3:37am Aug 11, 2022 3:37am
Quoting emmanuel7788
{quote} the key to Big E' success in trading his 5-Method is ... his discretionary 'ENTRY and EXIT' and that has very little to do with the TDI. the other key achieving and maintaining CONSISTENT trading results is trading DISCIPLINE. if trading the H4 and expects each swing to run 3 to 8 candles, and there are 29 (or 30) H4 candles in one week, ... then what is the market conditions, trending or ranging? can you trade both ways in the same week? can you trade the 4hr EST 1am (PDT10pm) and EST 5am (PDT 2am) 4hr candles and close your trades at EST...
"and that has very little to do with the TDI."

It is this type of miss information that you post Vincent that is causing traders to fail with this method. TDI is central point of this method.
Post#1: The key to this method is the Traders Dynamic Index indicator for entries and exits.

"achieving and maintaining CONSISTENT trading results is trading DISCIPLINE"
The mental state of a trader (perception, belief, desire, intention, emotion and memory ) does not consist or based on what you post
"if trading the H4 and expects each swing to run 3 to 8 candles.................................."

Take not that you have posted "by following simple rules for entry and exit with DISCIPLINE"
According to BigE the simple rules are:
#1718
The main entry rule is: green crossing red on the TDI within the first 2 candles for an entry...
I don't care what the red TDI line is doing.
Did Stoch's confirm the TDI signal between the 20-80 lines...?
The 12-2 and 4-6 is for the TDI and not the 5ema... that would just be a bonus...
If you meet the TDI entry rule it doesn't much matter where the 5 ema is in relation to the 1st
two candles...
All this extra crap does nothing but confuse other traders and their success rate drops and they
can't figure out why...
Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES.
That's what makes it work

Once more Vincent, your post is only showing readers how good you are in posting deception.
Please stop.
-------
Post 133,462
Only one post is from this thread. Did not know that posts from other threads that were written months before are applicable and valid in this thread.

Once more Vincent, your post is only showing readers how good you are in posting deception.
Please stop.

Have a nice day, Vincent.
Cheers
  • #133,490
  • Aug 11, 2022 4:18am Aug 11, 2022 4:18am
Quoting Tekkies
{quote} "and that has very little to do with the TDI." It is this type of miss information that you post Vincent that is causing traders to fail with this method. TDI is central point of this method. Post#1: The key to this method is the Traders Dynamic Index indicator for entries and exits. "achieving and maintaining CONSISTENT trading results is trading DISCIPLINE" The mental state of a trader (perception, belief, desire, intention, emotion and memory ) does not consist or based on what you post "if trading the H4 and expects each swing to run...
@Tekkies

a picture is worth a thousand words by ReverseFlash Sep 2017 say it all

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and you are the one who has been losing money for that many years - 2017, 2018, 2019, 2020, 2021 and 2022.


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,491
  • Aug 11, 2022 5:28am Aug 11, 2022 5:28am
Quoting emmanuel7788
{quote} EurGbp Aug10 M15 FO - a check-mark -5.9 to +11.2 ... - lots of MOMENTUM in that bar/candle {image}

I like what I see now.... before today ' US PPI data



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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,492
  • Aug 11, 2022 6:05am Aug 11, 2022 6:05am
watch out Eurgbp, it is testing bull wave. it should be ready 4 tonight
  • #133,493
  • Aug 11, 2022 6:50am Aug 11, 2022 6:50am
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  • #133,494
  • Aug 11, 2022 9:21am Aug 11, 2022 9:21am
Along come TDI with BigE's advice from this thread only
> Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES.
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  • #133,495
  • Aug 11, 2022 9:41am Aug 11, 2022 9:41am
Sticking with the initial clearly defined simple rules laid out by eelfranz, just under 130 pips banked on GJ.

Ignoring all the noise (and there is a lot of it) on this thread.
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  • #133,496
  • Aug 11, 2022 9:55am Aug 11, 2022 9:55am
Quoting Tekkies
Along come TDI with BigE's advice from this thread only > Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES. {image}
I do agree with you and me too i stick the Big E's basic rules with his 8 pairs and i'm more and more confident and wining
  • #133,497
  • Aug 11, 2022 9:55am Aug 11, 2022 9:55am
Quoting langtoni
Sticking with the initial clearly defined simple rules laid out by eelfranz, just under 130 pips banked on GJ. Ignoring all the noise (and there is a lot of it) on this thread. {image}
I do agree with you and me too i stick the Big E's basic rules with his 8 pairs and i'm more and more confident and wining
  • #133,498
  • Aug 11, 2022 10:37am Aug 11, 2022 10:37am
Quoting Tekkies
Along come TDI with BigE's advice from this thread only > Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES. {image}
wow 5m trade, a lot of stress 4 me
  • #133,499
  • Aug 11, 2022 10:43am Aug 11, 2022 10:43am
Quoting havenoidea
{quote} wow 5m trade, a lot of stress 4 me
A lot of stress but very good training
  • #133,500
  • Aug 11, 2022 11:13am Aug 11, 2022 11:13am
Quoting havenoidea
{quote} wow 5m trade, a lot of stress 4 me
Something to think about.
Post#1.... I wanted a method that was simple, worked on all timeframes, simple rules, few indicators....
This is done in hindsight on a live chart.
> Zoom in or out (re-size) chart as to how you would trade in realtime.
> Uncheck the two arrows and use F12 keybord button (scroll chart one bar at a time to the left)
>Chose a month you want to paper trade, move the chart to the right side (edge) until you see the date you want to trade from.
> Everytime you see TDI green cross red apply Post#647 to that indicated set up.
> You think the entry is valid, use the trendline to plot your entry and F12, Close entry when you think it is the right time to close. (Green cross Red again)
(Blue trend line > profit, Yellow trend line > loss)
(Can do it on any timeframe you want to trade)
> Remember that TDI red green does the re-painting thing and some cross over (not all, only some) will move one bar to the left on chart re-fresh.

You will start to see how a pattern develop on how you trade.
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