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Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple

Quoting Inthebox
{quote} agree. to me HA and TDI are mainly used for trade trigger. one cannot trigger a trade just because TDI crosses with the complementary HA color.
to me HA and TDI are mainly used for trade trigger.

BigE said that when he turns on his computer, he looks to see if there is a TDI green cross red. If yes, then he applies his filters such as in post #647 and then decides if there is an entry. If no cross, he moves on to another pair.
To free Gazans of Hamas, use whatever it takes.
Quoting TwFXtrader
left to right ... and i didn't move my stop loss , sometimes holding trades is how you make big money if you move your stop lost all the time and not let your profit ride in the long term you will lose money. (also I know i can move stop loss ) for this account, my goal is to hit 100,000% return yes because i only come here a few times a year to let people know that it is possible to make gains like this its not easy but is possible. showing losing trades is kinda useless because my trading style is different also, i believe that once you leave...
may I know your gold target sir?
I am trying to long eu, short UC and long Gold
Quoting DrDave
{quote} to me HA and TDI are mainly used for trade trigger. BigE said that when he turns on his computer, he looks to see if there is a TDI green cross red. If yes, then he applies his filters such as in post #647 and then decides if there is an entry. If no cross, he moves on to another pair.

The OP aka Big E made 463 posts in this thread and said so many things at different times.

For those who are want to achieve higher success .....

He said in his post #2617:

<>
2scoops asked me a long time ago what would be the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2 years doing that.... so what does that mean?

It takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for me... why?

Read above...
<>


Have you spent 2 years like he did?

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....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting mmo1991
{quote} may I know your gold target sir? I am trying to long eu, short UC and long Gold
New York Closed.

We can spend this weekend review and plan for next week Week_45 Nov 07 to 11.

XAUUSD Week44 NYC Nov04

intraday did managed 60% of its Weekly Average Range AWR

next week we observe the Week Open then follow PA for the Swing Low for the week,

then after that swing low we follow each bar(0) patiently for buy setups.

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however, if you are the retracement or counter-trend trader, you can trade sell after a swing high true reversal.

for day trading it is good to have two plans - Plan A sell and Plan B buy,

have a third plan in case first two plans fails, Plan C .


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} New York Closed. We can spend this weekend review and plan for next week Week_45 Nov 07 to 11. XAUUSD Week44 NYC Nov04 intraday did managed 60% of its Weekly Average Range AWR next week we observe the Week Open then follow PA for the Swing Low for the week, then after that swing low we follow each bar(0) patiently for buy setups. {image} however, if you are the retracement or counter-trend trader, you can trade sell after a swing high true reversal. for day trading it is good to have two plans - Plan A sell and Plan B buy, have a third plan...

XAUUSD H4 Nov 04 NYC

- look at the price action H4, Daily and Weekly candles

- look at the Stoch(8,3,3,) and Stoch (14,3,3)

- look at the full TDI with all lines green, red, yellow and blue lines, they tell a story of its own.

> study old charts and take notes of the above


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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting khalid94
[quote = tommydoginti؛ 14209543] {quote} مرحبًا Khalid94 ، شكرًا لمشاركتك. إذا كنت سأضيف مؤشرات جديدة إلى الرسم البياني للتحليل ، فسأفكر...

when you did not find HA candles and TDI to give your the higher probability trade setups, then try the blending approach which Big E used.

by blending you will get fewer trades but better trades, etc.

blending works in all timeframes.

you need to forward test the blending approach.

if you do not know what is blending by now, then you have not read nor understood all of his 463 posts in this thread. #463Limitation#

#110 by snarlyjack is a hint what you can blend.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Hi All,

do any of you use https://forextime.com broker? what is the experience with it? I think it is mostly for Indian clients.

it looks like I am being scammed, this is the first time I am experiencing this kind of issue. I deposited 10 Lakhs INR into FXTM(forextime.com) account.

The deposit process is different, first, we need to register the provided beneficiary account by forextime.com into my netbanking, deposit the amount and share the screenshots of the deposited amount to the broker, later FXTM will check with the payment service provider and update the funds to our Trading account.

I did it as per the FXTM guideline, but they are not adding the funds to my account for 4 days, they keep on saying that the payment service provider is yet to respond.

any help would be appreciated in getting back my funds. Thank you
Q. IF one is profitable everyday using the Stochastics, why do you want to add anything?

Quoting emmanuel7788
{quote} when you did not find HA candles and TDI to give your the higher probability trade setups, then try the blending approach which Big E used. by blending you will get fewer trades but better trades, etc. blending works in all timeframes. you need to forward test the blending approach. if you do not know what is blending by now, then you have not read nor understood all of his 463 posts in this thread. #463Limitation# #110 by snarlyjack is a hint what you can blend. {image}...
Quoting eelfranz
Kudz, There are always going to be people who slam using Stochastics or any other indicator. Like you said... you have to learn how to use it like you have to learn how your favorite pair responds in the market place. I have been burned once in a while however, most of the time it was my fault for reading the market incorrectly. Just because you can bring an indicator up on your chart doesn't mean you know how to use it correctly. Learning to trade is a lifetime process. Develop a trading system that fits you and practice, practice, practice. When...
#296
Kudz,

There are always going to be people who slam using Stochastics or any other indicator. Like you said... you have to learn how to use it like you have to learn how your favorite pair responds in the market place.

I have been burned once in a while however, most of the time it was my fault for reading the market incorrectly.

Just because you can bring an indicator up on your chart doesn't mean you know how to use it correctly.

Learning to trade is a lifetime process. Develop a trading system that fits you and practice, practice, practice. When your confident... go live.

Learn to tweek your strategy to stay up with changing market conditions. If your mentally burned out, take a week off.

Take your time to learn how to trade. Newbies want to trade live right off the bat... and I thank you for all those pips you paid for... that I get to keep. Take the time to enjoy the learning experience. There is no hurry... only in your mind.

I profit every day by using Stochastics. I hope you will too. It's just part of the puzzle.

Big E
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting nagarrazu
Hi All, do any of you use https://forextime.com broker? what is the experience with it? I think it is mostly for Indian clients. it looks like I am being scammed, this is the first time I am experiencing this kind of issue. I deposited 10 Lakhs INR into FXTM(forextime.com) account. The deposit process is different, first, we need to register the provided beneficiary account by forextime.com into my netbanking, deposit the amount and share the screenshots of the deposited amount to the broker, later FXTM will check with the payment service...
since you are from India,

get a local regulated broker in London, Singapore and Sydney.


many of my Indian buddies have their trading accounts in Singapore

your deposit will be safer.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} XAUUSD H4 Nov 04 NYC - look at the price action H4, Daily and Weekly candles - look at the Stoch(8,3,3,) and Stoch (14,3,3) - look at the full TDI with all lines green, red, yellow and blue lines, they tell a story of its own. > study old charts and take notes of the above {image} ...

XAUUSD Daily Big Picture

- even before you look at the TDI, you already know the rest of Post#647 this week what the Market Type conditions

- is the Market Type #1 or #2

> what is your trading system strategy to adopt when in Market Type#2

> you know from your previous years trading experience in Market Type#2 and the Mental Strategies you developed from your years of past experience ... adopt them

> every moment in the market is unique and you need to refresh every strategy to match those moments, this is the most challenging task of top traders

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you need your Daily Trading Coach

> your will learn how to deal with all the crap you read and learn in the past



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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
here is a weekend exercise

we need hindsight trading experts comments

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting dcginc
Hello Traders, I wanted to thank the many of you that attended the workshop yesterday. I hope you found value in the information. The videos will be posted later in the week, so check the blog over the next few days. All the best. dcginc - Rick

how many of you here today recall that workshop?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
here is a weekend exercise we need hindsight trading experts comments {image}
#6...if it's candle 3 or more don't enter... find another trade set up.
Quoting nagarrazu
Hi All, do any of you use https://forextime.com broker? what is the experience with it? I think it is mostly for Indian clients. it looks like I am being scammed, this is the first time I am experiencing this kind of issue. I deposited 10 Lakhs INR into FXTM(forextime.com) account. The deposit process is different, first, we need to register the provided beneficiary account by forextime.com into my netbanking, deposit the amount and share the screenshots of the deposited amount to the broker, later FXTM will check with the payment service...
https://www.trustpilot.com/review/forextime.com
Find a other broker.
Quoting Inthebox
{quote} agree. to me HA and TDI are mainly used for trade trigger. one cannot trigger a trade just because TDI crosses with the complementary HA color.

Members often refer to the following posts which had been repeated many times before.
post 261
post 647
post 2617

So what's the common words used?

TDI and HA coupled with the following market conditions :
Trend
Support and Resistance
High and Low swing
Consolidation
HA candle size
Momentum and Angle

10 people may know the same things but each ends with different results.
Very much will depend on one's experience.
What kind of trader are you?
Scalper, day trader, swing trader, investor ............. according to your personality.
Somehow each will trade with other previous learned experience.
ITB - Seeing Orderliness amongst 'Randomness'
Quoting DrDave
{quote} You have a tremendous win rate ! LOL. No, he does not!! Read the whole thread and discover the truth for yourself. He posted maybe about a year ago that he FINALLY, after 10 years of trying, has managed to achieve the BEGINNER'S success rate of 65%!!! And with the many times that his account has taken a huge loss, like he also has posted more than once in this thread, that dismal 65% success rate is going to take him YEARS to recover his current losses, assuming that he wouldn't have some more catastrophic losses along the way.
To be very honest with you , I think that it took 10 years for me too to reach a win rate (but consistent !) of 65% !
This level reached , every thing is then in the risk management. Even with 13 years of trading , I do make stupid mistakes from time to time due to greed/fear but I learned to cut these losses quickly.
Trading is such a difficult activity that I use not to judge my fellow traders (even if I have a personnal opinion of course).
Have a good week end
Quoting bodal
{quote} To be very honest with you , I think that it took 10 years for me too to reach a win rate (but consistent !) of 65% ! This level reached , every thing is then in the risk management. Even with 13 years of trading , I do make stupid mistakes from time to time due to greed/fear but I learned to cut these losses quickly. Trading is such a difficult activity that I use not to judge my fellow traders (even if I have a personnal opinion of course). Have a good week end
I agree
65% winningrate is very good if it s consistent in the longrun, together with a good risk to reward ratio with about 1-2.
The most of the traders will never reach this level or need many years for this winrate.

I trade since about almost 3 years,and i was more than 2 years a loosing trader, a few month a breakeven trader.
Now im become proftibal since the last 2 month.

It s a hard long way for a trader to become consitent at trading.
Quoting emmanuel7788
{quote} The OP aka Big E made 463 posts in this thread and said so many things at different times. For those who are want to achieve higher success ..... He said in his post #2617: <> 2scoops asked me a long time ago what would be the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80...
The answer was simple... study old charts for set ups

What setups must be study?
Quoting Tekkies
{quote} The answer was simple... study old charts for set ups What setups must be study?
"What setups must be study?"

Good question @Tekkies;

Big E once posted this:

eelfranz:
<>
"I've never used money management rules like most people use it... 2-3% on a trade... never seemed to fit my personality and I'm sure it's frustrated more than a few of you out in Forex Land...

Most of my trades use from 15-30% of my account... why? That's where I feel most comfortable trading.... and why one of MY PERSONAL RULES is to exit the trade at the 12-15 pip pullback region... Regardless of the time frame... It's always worked for me... and made me pips...

I take the best trade set ups... I got the patience of Job and Moses...

I've always had the nack of making up any losses pretty fast so it doesn't scare me... I'm confident !

This secret is just between you and me...

I don't recommend it for anyone else...

<>
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting Tekkies
{quote} #6...if it's candle 3 or more don't enter... find another trade set up.

@Tekkies

You are mixing rules from different methods.


#5
<>
That was just one of many methods we discussed. Folks were getting confused by mixing up rules from different methods so this thread will only be about the 5 method.
<>
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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