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Trading Made Simple the right way, and other trading lessons 329 replies

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Trading Made Simple

Quoting emmanuel7788
{quote} hey @Tekkies here is AU Big Picture update Jan 24 to help you get back on your path to financial freedom. my next target medium term is BRN 7140.... need to count on US PMI and AUSSIE CPI this week to build positions in TMS EVO_2023. {image} {image} ...
So you do have aTE. One that has been running for 17 months.

Say Vincent, what are you hiding that you don't want the readers to know?
Quoting Tekkies
{quote} So you do have aTE. One that has been running for 17 months. Say Vincent, what are you hiding that you don't want the readers to know?
@Tekkies

I have this TE running since Jan 2017.

Slow start Jan2023 ...

Will post again this TE at end Dec 2023.


Attached Image (click to enlarge)
Click to Enlarge Name: myfxbook CI500 account 24-1-2023 12-19-54 pm.png Size: 5 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting Tekkies
{quote} So you do have aTE. One that has been running for 17 months. Say Vincent, what are you hiding that you don't want the readers to know?
Poor @Tekkies

Your Holy Grail TDI has deserted you.

Quoting Tekkies
TDI for me is the Holy Grail. My win rate is about 85 - 90% with with all rules applied.///"
…
Tekkies spends too much on his TDI and Stochastics, with his M15H1 Vline crap, and now on his M15 blue and yellow lines in price
Tekkies did not spend enough time on Post#647 to learn Price Action, Support & Resistance and Market Consolidation.
Tekkies should spend more time on Money Management, Risk management for entries and exits.
Tekkies should learn to reduce his large number of BE trades, and How to Let Profits Run.
Tekkies will one day learn Post#2617 and he will realize that he can strip the TDI and Stochastics from his trading charts and he would then realize that taking trades would be a breeze and that the TDI is not in his WINNING EDGE equation.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} hey @Tekkies Today' intraday, GU hit previous week High and reversed. There was a 5bars swing high and the True REVERSAL setup with Stochastics(8,3,3,) %K crossed %D signal. After today' high GU went south and hit the ADR Low. {image} ...

GU Jan 24 intraday

- assuming London Open has been set today' high ...

- if 1.2300 cannot hold then

- we have today ADR Low 1.2243 for our target

> be careful at New Open 9am and then at 10:30am



Attached Image (click to enlarge)
Click to Enlarge Name: GU Jan24 ADR 200EMA bounce 24-1-2023 7-33-52 pm.png Size: 31 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} GU Jan 24 intraday - assuming London Open has been set today' high ... - if 1.2300 cannot hold then - we have today ADR Low 1.2243 for our target > be careful at New Open 9am and then at 10:30am {image}
hi emmanuelwhere you put sl in this trade?
Quoting korosh1350
{quote} hi emmanuelwhere you put sl in this trade?
yes. always have a SL for Position Sizing

try M15 entry with small SL.

there is US data release later.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting korosh1350
{quote} hi emmanuelwhere you put sl in this trade?
Quoting emmanuel7788
{quote} yes. always have a SL for Position Sizing try M15 entry with small SL. there is US data release later.
here is the M15 entry trade

look at the price reaction around the H1 200EMA and pick a M15 setup for entry

Attached Image (click to enlarge)
Click to Enlarge Name: GU Jan24 M15 entry 24-1-2023 9-14-44 pm.png Size: 15 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} I am being conservative from my past 20 years trading AU. This week is US PMI and Aussie CPI data release, expect some volatility but the medium term trend is quite clear. 60% of its average weekly range is good target.
this week is done!

Attached Image (click to enlarge)
Click to Enlarge Name: FF News US PMI and AU CPI 25-1-2023 9-10-56 am.png Size: 15 KB


next target level is BRN 7100 then 7140

Attached Image (click to enlarge)
Click to Enlarge Name: AU Jan25 D1 Big Picture 25-1-2023 9-13-46 am.png Size: 20 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} yes. always have a SL for Position Sizing try M15 entry with small SL. there is US data release later.
just want to appriciate you really turn me to a good trader after 5 years unsuccess still i have some problems to manage my trade and i am sure with your help i will be able to solve them
Quoting korosh1350
{quote} just want to appriciate you really turn me to a good trader after 5 years unsuccess still i have some problems to manage my trade and i am sure with your help i will be able to solve them
Korosh can you show readers how Vincent helped you.
Some trade in real time would do.
[quote=Tekkies;14300165]{quote} Korosh can you show readers how Vincent helped you. Some trade in real time would


many information about price action and tms and how to comprise them . what do you wanna see?
Quoting korosh1350
{quote} just want to appriciate you really turn me to a good trader after 5 years unsuccess still i have some problems to manage my trade and i am sure with your help i will be able to solve them
remember work on your trade exit strategy. different traders have their own strategy.
Big E kept his simple - entry at Pacific 10PM 4hr candle and 2AM 4hr candle, exit close all at 6AM.

yesterday' GU sell trade exit using THV CaveManager EA to manage the trade.

- first exit TP1 +15 pips

- second exit stopped out by the pullback Capital Protection

Attached Image (click to enlarge)
Click to Enlarge Name: GU Jan24 M15 entry trades closed 25-1-2023 6-11-04 am.png Size: 18 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
[quote=korosh1350;14300185]
Quoting Tekkies
{quote} Korosh can you show readers how Vincent helped you. Some trade in real time would many information about price action and tms and how to comprise them . what do you wanna see?
Some trade in real time would do.
Hello
I have a question about the appearance of the candle account, how should it look correct?
[quote=Tekkies;14300563]
Quoting korosh1350
{quote} Some trade in real time would do.
hey @Tekkies

Do you want to see some realtime trades to help you recover your year 2022 - 1176 trades losses ?

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies TE Jan06 6-1-2023 1-51-51 pm.jpg Size: 229 KB

Tell us which currency pairs do you want to see realtime trades.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
[quote=Tekkies;14300563]
Quoting korosh1350
{quote} Some trade in real time would do.
@Tekkies

REALTIME trade chart GMT 17:40 Jan 25

I can tell you now that I will be buying between 7068 and 7177 starting tomorrow morning when Tokyo opens Jan26.

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Click to Enlarge Name: AU Jan25 Daily Big Picture 26-1-2023 1-36-51 am.png Size: 19 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
[quote=Tekkies;14300563]
Quoting korosh1350
{quote} Some trade in real time would do.
@Tekkies

REALTIME chart Jan25 GU

Looking at mid-week price action, tomorrow realtime 4hr trading*** is BUY only.

Follow Big E' Post#281

Attached Image (click to enlarge)
Click to Enlarge Name: GU Jan25 pipware 26-1-2023 1-54-55 am.png Size: 37 KB

***Do Not trade against the 4hr price action to prevent losses and margin call.
Follow Post#647


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
[quote=emmanuel7788;14300983]
Quoting Tekkies
{quote} @Tekkies REALTIME chart Jan25 GU Looking at mid-week price action, tomorrow realtime 4hr trading*** is BUY only. Follow Big E' Post#281 {image} ***Do Not trade against the 4hr price action to prevent losses and margin call. Follow Post#647 ...
Quoting Tekkies
Some trade in real time would do.
@Tekkies

to recover your year 2022 1176 trades losses, you need to make the transition to trade the 4hr as your next first step.

*** Do Not trade against the 4HR price action

Your GU buy trade was just one the many reasons why you suffered that 387 trades losses Margin Call

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies TE GU buy against 4H PA.png Size: 27 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies TE Apr01 minus 99.4percent 22-1-2023 6-12-29 am.png Size: 41 KB

You need to recover those losses from that 387 trades then move one to recover those 1176 trades losses.

Stop trading XAUUSD! You don't have the trading skills for this now.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Price action traders, do yo use raw charts for your trading analysis or do you implement any standard deviation or moving averages?
Quoting arcticklein
Price action traders, do yo use raw charts for your trading analysis or do you implement any standard deviation or moving averages?
Do you mean naked chart trading?

Example of naked chart trading without indicators.

TMS M15 trader @Tekkies

> why hold on to M15 trade for 7 hours?

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies TE TMS M15 GU buy minus 38percent 25-1-2023 6-44-09 pm.png Size: 38 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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