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Trading Made Simple

  • #137,401
  • Jan 10, 2023 11:20pm Jan 10, 2023 11:20pm
Quoting Tekkies
Both of you are correct. - Can not accept I am wrong when price goes against order. (Argue with TDI). - Account is to small for the lot size placed. a Major factor which is big problem in South Africa is load shedding (not enough electricity) nationwide. It can be as long as 2 to 6 hours with no electricity per working day Not to mention theft. You wake-up in morning they stole the WiFI tower, the cable's and for good measure the street as well. (What they cannot steal, they break.)
@Tekkies

You are just making excuses for your lack of trading skills.

The problems you mentioned in South Africa is not the root cause of your poor market knowledge and far lacking trading skills. I know many retails traders here in FF from SA including the SA-based member whom Big E learn learn the 5-Method from.

One of many issues with you is your mental condition. You have too much jealousy, anger and hate in you. You are not a happy person in life and that affects your daily life and poor achievements in life.

Go buy this book and learn why it is so important to be happy.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,402
  • Jan 10, 2023 11:35pm Jan 10, 2023 11:35pm
Quoting tassiebear
{quote} I see that high for sure. I have alert set for .9188 where I will take partial profit for 1.5R and move sl to BE if we get there. Otherwise I will watch tdi green line.

You do not have a Big Picture of the AJ pair and the JPY market

Are you prepared for the breakout should that happen.

"Let Profit Run" is a huge part of this game . We need to target those potential 9R to 15R trades.

Big Picture
> know where the potential levels

Attached Image (click to enlarge)
Click to Enlarge Name: AJ Jan11 Big Picture Daily 11-1-2023 1-31-13 pm.png Size: 18 KB


TMS overview
- Monthly 10EMA
- Weekly 10 EMA
- Daily 50EMA

Attached Image (click to enlarge)
Click to Enlarge Name: AJ Jan11 H4 pipware 11-1-2023 1-32-33 pm.png Size: 39 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,403
  • Jan 10, 2023 11:35pm Jan 10, 2023 11:35pm
Quoting emmanuel7788
{quote} hey @Tekkies when you can trade and can trade a US$200,000 account and make a monthly average 10% consistently for a period of 36 months, you can dream of this pool with wooden deck for your grandchildren to enjoy. >> first, learn to trade without any TDI and Stochastics >> second, start with US$10,000 and grow that account to $50,000. How many trades does it require to grow from $50,000 to $200,000. let me give you a hint. It only require about 600 trades in 6 months trading period to achieve that. {image} ...
Is this swimming pool smaller or bigger then the previous one you posted?
  • #137,404
  • Jan 10, 2023 11:45pm Jan 10, 2023 11:45pm
Too much time is being spent on TDI and Stochastics,
Too little time on Price Action and Support/Resistance.
And no time spend on Money Management, Risk Management for entries and exits, When to Cut-Losses short and How to Let Profits Run.
You need to find your WINNING EDGE and the TDI is not in the winning edge equation.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,405
  • Jan 10, 2023 11:47pm Jan 10, 2023 11:47pm
Quoting emmanuel7788
{quote} You do not have a Big Picture of the AJ pair and the JPY market Are you prepared for the breakout should that happen. "Let Profit Run" is a huge part of this game . We need to target those potential 9R to 15R trades. Big Picture > know where the potential levels {image} TMS overview - Monthly 10EMA - Weekly 10 EMA - Daily 50EMA {image} ...
I know that this market is in a down trend. We had a higher low on daily but still no higher high yet. So 92 level is a resistance for now.
I'm not trading daily chart here or trying to catch the bottom. It's a cour trend trade so I control risk.
  • #137,406
  • Jan 10, 2023 11:56pm Jan 10, 2023 11:56pm
Quoting oo7rai
i can never think about shorting this before iower low and lower high. {image}
direction change can be seen with HH & LL
Attached Image (click to enlarge)
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  • #137,407
  • Jan 11, 2023 12:04am Jan 11, 2023 12:04am
Quoting Tekkies
{quote} Is this swimming pool smaller or bigger then the previous one you posted?
@Tekkies

with your current apparent lack of trading skills, you can only dream of Big E' hot tub to start with.

Keep It Simple

Attached Image (click to enlarge)
Click to Enlarge Name: Big E #7924 Too easy.jpg Size: 107 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,408
  • Jan 11, 2023 12:07am Jan 11, 2023 12:07am
Quoting tassiebear
{quote} No matter where in the world you are you can do the same trades as anyone else as long as you have the right mindset and you follow your system. I've been trading for years now and I'm mostly break even trader, sometimes i ramp up wins just to destroy the gains later. I know its not the system buy my mindset that causes these issue. I think the most important thing is to own it. Own your mistakes and learn from them. I have a full time job and three kids, most if the time i cant sit in from on the charts. So i devised a trading approach...

Quoting tassiebear
{quote} I know that this market is in a down trend. We had a higher low on daily but still no higher high yet. So 92 level is a resistance for now. I'm not trading daily chart here or trying to catch the bottom. It's a cour trend trade so I control risk.

You know what you are doing. That's a plus for you. You will succeed .

Very rare here in this thread I have seen the last 10 years. Most give up after 1 to 2 years.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,409
  • Jan 11, 2023 12:09am Jan 11, 2023 12:09am
hey, what do you thing about this one?
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  • #137,410
  • Jan 11, 2023 12:15am Jan 11, 2023 12:15am
Quoting oo7rai
{quote} direction change can be seen with HH & LL {image}



when the 3 timeframes are in 'synergy' is the best time to "Let Profits Run"...

TIMING is key therefore we must be patient and be DISCIPLINED traders.


Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: EA Jan11 H4 pipware 11-1-2023 2-11-53 pm.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,411
  • Jan 11, 2023 12:17am Jan 11, 2023 12:17am
Quoting emmanuel7788
{quote} {quote} You know what you are doing. That's a plus for you. You will succeed . Very rare here in this thread I have seen the last 10 years. Most give up after 1 to 2 years.
Thanks for kind words. I hope some day soon my equity curve will start improving. I often get off track and start risking too much or taking trades that dont fit the system. and that's when i blow away the profits i made beforehand. I'm working on my psychology most of the time nowday. I Know I'm getting close and I will push forward to make it eventually.
Its a marathon, not a sprint.
  • #137,412
  • Jan 11, 2023 12:20am Jan 11, 2023 12:20am
Quoting tassiebear
hey, what do you thing about this one? {image}

looks good!

as traders we manage the down side and let the market decide the upside....

Attached Image (click to enlarge)
Click to Enlarge Name: AU Jan11 H4 pipware 11-1-2023 2-16-39 pm.png Size: 42 KB

> what do I think? I think you are ready for the TMS MEME.



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,413
  • Jan 11, 2023 12:29am Jan 11, 2023 12:29am
Quoting emmanuel7788
{quote} looks good! as traders we manage the down side and let the market decide the upside.... {image} > what do I think? I think you are ready for the TMS MEME. ...
TMS MEME?
  • #137,414
  • Jan 11, 2023 12:39am Jan 11, 2023 12:39am
Quoting tassiebear
hey, what do you thing about this one? {image}
TDI has already crossed over same place as chart green arrow.
Lower time frames show consolidation.
> Find another pair to trade.
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  • #137,415
  • Jan 11, 2023 12:43am Jan 11, 2023 12:43am
Another one bite the dust.
Careful Tassie you are setting yourself up for a sales pitch.
  • #137,416
  • Jan 11, 2023 12:54am Jan 11, 2023 12:54am
Quoting Tekkies
{quote} TDI has already crossed over same place as chart green arrow. Lower time frames show consolidation. > Find another pair to trade. {image}

I thought the trade is to be on TDI Crosson candle open, however when that candle opened 4 hours ago it didn't cross yet. The actual tdi crossing happened about 30 minutes before that candle close.

How would you handle that scenario?
  • #137,417
  • Jan 11, 2023 1:00am Jan 11, 2023 1:00am
Quoting emmanuel7788
{quote} when the 3 timeframes are in 'synergy' is the best time to "Let Profits Run"... TIMING is key therefore we must be patient and be DISCIPLINED traders. {image} {image}
@Emmanuel7788

Not all HHs & LLs changes the direction and that is why i started a separate thread for quasimodo and 5-0 patterns among H&Ss

https://www.forexfactory.com/thread/...asimodo-vs-5-0?
  • #137,418
  • Jan 11, 2023 1:04am Jan 11, 2023 1:04am
Quoting oo7rai
{quote} @Emmanuel7788 Not all HHs & LLs changes the direction and that is why i started a separate thread for quasimodo and 5-0 patterns among H&Ss https://www.forexfactory.com/thread/...asimodo-vs-5-0?
@oo7rai

very good!

I have some new things to study and learn this year.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,419
  • Jan 11, 2023 1:09am Jan 11, 2023 1:09am
Quoting Tekkies
{quote} TDI has already crossed over same place as chart green arrow. Lower time frames show consolidation. > Find another pair to trade. {image}
No need to look further in lower timeframe.

The next higher timeframes - Daily and Weekly are more important when we want to swing trade and "Let Profits Run" and maximise profits.


Attached Image (click to enlarge)
Click to Enlarge Name: AU Jan11 H4 pipware 11-1-2023 2-16-39 pm.png Size: 42 KB


TMS MEME EVO - AU Big Picture from 2022 and into 2023

Buy at 6548 and 6761 and target 7068 levels

Attached Image (click to enlarge)
Click to Enlarge Name: AU Jan11 Big Picture 11-1-2023 3-07-29 pm.png Size: 19 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,420
  • Edited 1:43am Jan 11, 2023 1:25am | Edited 1:43am
Quoting tassiebear
{quote} I thought the trade is to be on TDI Crosson candle open, however when that candle opened 4 hours ago it didn't cross yet. The actual tdi crossing happened about 30 minutes before that candle close. How would you handle that scenario?
The actual tdi crossing happened about 30 minutes before that candle close > The chart posted is a freshly load AUDUSD.
----
How would you handle that scenario
> Follow BigE's advice.
Post#11.........
My page when I open up my charts has 8 open charts. I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade, turn off the
pc and go to bed.
(That is the reason why BigE has written to trade only on candle 1 or 2)
------
Already posted what I would do > > Find another pair to trade.
edit > Apply Post#647 to that crossover.
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