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Trading Made Simple

  • #139,941
  • May 10, 2023 4:17am May 10, 2023 4:17am
Quoting korosh1350
{quote} can you share me some of your losing trades . i think its the best way for me to understand how you manage losing trades

here is a screen shot of AJ trades in April 01 to 28, with entries and exits on 4hr chart with number of pips of each exit.

how I manage trades losses is simple ...

> never risk more than 3% per allocated margin per pair

> If and when I lose 3% , it is no big deal when I have my rule 60:40

> I know after 1,000 trades that I will not suffer any margin call when I cut-losses short at total 10% maximum.

> all risk management and control within one twenty-trading-days cycle...20TDC.

> when I have a cut-loss 10%, I try recover in the next cycle,

Attached Image (click to enlarge)
Click to Enlarge Name: AJ Apr trades closed H4 10-5-2023 4-59-38 pm.png Size: 28 KB


Attached Image (click to enlarge)
Click to Enlarge Name: TMS II Apr01 to Apr29 Equity 29-4-2023 5-55-50 am.png Size: 23 KB


..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #139,942
  • May 10, 2023 5:36am May 10, 2023 5:36am
[quote=emmanuel7788;14420919][quote=Tekkies;14420910]
Quoting emmanuel7788
{quote} @Tekkies #696 these are Big E' wise words ... you should take notes of when you are ready to go live with USD10,000 real money , do let us here know and I will have my Trade Explorer ready ... {image} ...
Whatever float's your boat
You complain when I do this:
- small. > 0.01 (done for the day?)
- little bigger > 0.10 (reach $1000 R1000)
- medium > 1
- big > 10 (you should take notes)
Have not reached > 100 yet.

Nothing is good for you. Is it because you live in a wonderland?
Grow up Alice, stop chasing bunnies they are not good for your health
  • #139,943
  • May 10, 2023 7:40am May 10, 2023 7:40am
[quote=emmanuel7788;14420930]{quote} here is a screen shot of AJ trades in April 01 to 28, with entries and exits on 4hr chart with number of pips of each exit. how I manage trades losses is simple ... > never risk more than 3% per allocated margin per pair > If and when I lose 3% , it is no big deal when I have my rule 60:40 > I know after 1,000 trades that I will not suffer any margin call when I cut-losses short at total 10% maximum. > all risk management and control within one twenty-trading-days cycle...20TDC. > when I have a cut-loss 10%, I try recover in the next cycle, {image} {image} ..[/quote

thanks emmanuel here some boady predict cpi and it happens how ?

https://www.forexfactory.com/thread/...ichimoku-cloud
  • #139,944
  • May 10, 2023 3:58pm May 10, 2023 3:58pm
Hello,

Here is the same TDI on the same currency, the only difference is a different stretch.
What stretch do you need to take for it to be correct ?

Thank you

laurhaq
Attached Image (click to enlarge)
Click to Enlarge Name: TDI with a different time stretch.jpg Size: 46 KB
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  • #139,945
  • Edited 7:15pm May 10, 2023 6:34pm | Edited 7:15pm
Quoting laurhaq
Hello, Here is the same TDI on the same currency, the only difference is a different stretch. What stretch do you need to take for it to be correct ? Thank you laurhaq {image}
At one time I did find a stretch ratio [172]-[25]-[22] was optimum with a scale factor 8

when I was trading and following the OP rules One, Two and Three

and after more than 5,000 trades I knew back then the clock 12-2 and 4-6 were crap visually

however, if you use the OP' template with MT4 default, the stretch ration is [100][50][50]
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #139,946
  • May 10, 2023 7:04pm May 10, 2023 7:04pm
[quote=Tekkies;14421030][quote=emmanuel7788;14420919]
Quoting Tekkies
{quote} Whatever float's your boat You complain when I do this: - small. > 0.01 (done for the day?) - little bigger > 0.10 (reach $1000 R1000) - medium > 1 - big > 10 (you should take notes) Have not reached > 100 yet. Nothing is good for you. Is it because you live in a wonderland? Grow up Alice, stop chasing bunnies they are not good for your health

same post #696 by the OP.

that is good advice for all newbies even for a 7 year old newbie, ... so take notes,


"When trading don't bite off more than you can chew. Trading Demo is different than trading live... For some reason it gets harder to pull the trigger when it's real money... that's why its so important to build confidence and study old charts... any pair, any time frame on Demo... and then when you finally go live... Trade a Micro account first... as more confidence builds switch to a Mini account... because if you made a poor entry or decision... it really hurts losing the green stuff... So start SMALL when you switch to live trading... "



Attached Image (click to enlarge)
Click to Enlarge Name: Big E #696.png Size: 219 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #139,947
  • May 10, 2023 7:11pm May 10, 2023 7:11pm
Quoting laurhaq
Hello, Here is the same TDI on the same currency, the only difference is a different stretch. What stretch do you need to take for it to be correct ? Thank you laurhaq {image}

here I have a realtime live market chart for last night US CPI data release,

note the price move up very quickly but look at the TDI... it remained flat...

it is lagging the market price volatility

Attached Image (click to enlarge)
Click to Enlarge Name: XAU May10 TDI flat 10-5-2023 8-50-42 pm.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #139,948
  • May 10, 2023 7:27pm May 10, 2023 7:27pm
Quoting laurhaq
Hello, Here is the same TDI on the same currency, the only difference is a different stretch. What stretch do you need to take for it to be correct ? Thank you laurhaq {image}
when we use the @TMSWatchDog by plameddp,

we will always see the correct values of the TDI' RSI green price line with not impact of the stretch ration and scale factor.

- it angle
- bounce slope
- cross

you can place both TDIs on your chart and study them in realtime live market.

Attached Image (click to enlarge)
Click to Enlarge Name: EA H1 May10 TMSTDIWatchDog 11-5-2023 8-23-09 am.png Size: 26 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #139,949
  • May 10, 2023 7:40pm May 10, 2023 7:40pm
Quoting Tekkies
{quote} Got some pips out of that one. What??? Master or Miss Candle???? consolidation. - TDI is flat, move on to the next pair, don't waste time doing a Post#647. 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... {image}

@Tekkies

You did not get any pips out of that trade. You lied!

That is not a Master Candle. It is a big candle and also a WRB.
Most WRB candles (more than 50%) usually have a price correction following it.
Therefore we must check from our old chart studies if that PA candle and TDI signal has a high Risk:Reward of 1:2.
If not, then wait for the next better PA setup with swing high with True REVERSAL.

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies #139,923.png Size: 58 KB


below is TMS 5-Method chart template
- clearly there was no sell setup

follow Big E' posts and basic rules

- HA candle blue
- HA candle small body
- HA PA above 5EMA
- 5EMA sloping upwards ... directtion

*** for a sell setup with MOMENTUM, the price bar Close should be below the HA candle body low. It is important for all newbies to know this and learn this.

...
Attached Image (click to enlarge)
Click to Enlarge Name: AJ H4 May09 review 11-5-2023 8-46-19 am.png Size: 19 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #139,950
  • May 10, 2023 8:14pm May 10, 2023 8:14pm
It is clear today what to trade and when to trade,

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Attached Image (click to enlarge)
Click to Enlarge Name: GBP pairs May11 BoE.png Size: 48 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #139,951
  • May 11, 2023 12:31am May 11, 2023 12:31am
Quoting emmanuel7788
It is clear today what to trade and when to trade, {image} {image} ...
Hi Emmanuel, is there any systematic approach that you use to identify what pair you trade? If so can you please share some of examples? Thank you.
  • #139,952
  • May 11, 2023 1:47am May 11, 2023 1:47am
Quoting emmanuel7788
{quote} here I have a realtime live market chart for last night US CPI data release, note the price move up very quickly but look at the TDI... it remained flat... it is lagging the market price volatility {image}
TDI, will be flat because post@25 TDI update on bar close.

Why make such a statement about TDI in the middle of a four time period?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 4 KB

When are you going to stop this type of deception, Vincent?
(Honesty is a very expensive gift. You wont find it in cheap people)
Honest people don't do such things, what does this type of post say about your honesty, Vincent?
-----
Come show readers how your price action would have handled that US CPI data release.
At best it will also be a bar or two late because whatever candle formation the trader use the very same bar need to be completed to form a pattern that can be used.
  • #139,953
  • May 11, 2023 2:00am May 11, 2023 2:00am
Quoting laurhaq
Hello, Here is the same TDI on the same currency, the only difference is a different stretch. What stretch do you need to take for it to be correct ? Thank you laurhaq {image}
There is no right or wrong stretch, it all depends on how you the trader set-up your charts.
----
Use Ctrl-A.
That will ensure the uniformity (same stretch) is always used on all charts.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 2 KB
  • #139,954
  • Edited 2:22am May 11, 2023 2:12am | Edited 2:22am
Quoting emmanuel7788
{quote} @Tekkies You did not get any pips out of that trade. You lied! That is not a Master Candle. It is a big candle and also a WRB. Most WRB candles (more than 50%) usually have a price correction following it. Therefore we must check from our old chart studies if that PA candle and TDI signal has a high Risk:Reward of 1:2. If not, then wait for the next better PA setup with swing high with True REVERSAL. {image} below is TMS 5-Method chart template - clearly there was no sell setup follow Big E' posts and basic rules - HA candle blue - HA candle...
Of course I did not get pips out of that trade. TDI setup signal did that with the blue trendline.
-----
"That is not a Master Candle."
Really, are you sure about that?
Let see what you posted in Post 139,921 > I see a Master Candle *consolidation ...
Was referring to the bullshit you posted.
-----
Look again Vincent. TDI gave a setup signal and post#647 confirmed it.
(Try to spot the double top)
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 10 KB
  • #139,955
  • May 11, 2023 2:28am May 11, 2023 2:28am
Quoting Tekkies
{quote} TDI, will be flat because post@25 TDI update on bar close. Why make such a statement about TDI in the middle of a four time period? {image} When are you going to stop this type of deception, Vincent? (Honesty is a very expensive gift. You wont find it in cheap people) Honest people don't do such things, what does this type of post say about your honesty, Vincent? ----- Come show readers how your price action would have handled that US CPI data release. At best it will also be a bar or two late because whatever candle formation...
hi tekkis

tdi lagged its true and its impossible that you donot know it and emmanuel try to say it we should trade tdi with this reality when price action show something we can trade and be sure that tdi will show it next candle . i use tdi because i donot have enough confidence but for bigginers tdi is a gift
  • #139,956
  • May 11, 2023 2:31am May 11, 2023 2:31am
Quoting Tekkies
{quote} TDI, will be flat because post@25 TDI update on bar close. Why make such a statement about TDI in the middle of a four time period? {image} When are you going to stop this type of deception, .....
@Tekkies

It is fact the TDI#25 only update at the end of the 4hr candle time.

During that active candle 4hr the TDI' RSI green price line remained flat according to the Price action of the previous two bars/candles. This is why it is lagging the Stochastics.

You are living on your Fantasy Island with you Holy Grail TDI.

Attached Image (click to enlarge)
Click to Enlarge Name: XAU May10 TDI flat 10-5-2023 8-50-42 pm.png Size: 39 KB


Wake UP! ... Focus on chart reading ...

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #139,957
  • May 11, 2023 2:38am May 11, 2023 2:38am
Quoting korosh1350
{quote} hi tekkis tdi lagged its true and its impossible that you donot know it and emmanuel try to say it we should trade tdi with this reality when price action show something we can trade and be sure that tdi will show it next candle . i use tdi because i donot have enough confidence but for bigginers tdi is a gift
Use the "gift" Korosh.
No matter what Vincent post, TDI will be on time, every time.
  • #139,958
  • May 11, 2023 2:40am May 11, 2023 2:40am
Quoting Tekkies
{quote} Of course I did not get pips out of that trade. TDI setup signal did that with the blue trendline. ----- "That is not a Master Candle." Really, are you sure about that? Let see what you posted in Post 139,921 > I see a Master Candle *consolidation ... Was referring to the bullshit you posted. ----- Look again Vincent. TDI gave a setup signal and post#647 confirmed it. (Try to spot the double top) {image}

hey TMS Folks

@Tekkies is trading blindly very TDI signal. He does not understand the OP' posts.

He just shot himself in his foot with the Master Candle prediction.

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies #1139,954 11-5-2023 3-32-22 pm.png Size: 143 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #139,959
  • May 11, 2023 2:42am May 11, 2023 2:42am
Quoting emmanuel7788
{quote} @Tekkies It is fact the TDI#25 only update at the end of the 4hr candle time. During that active candle 4hr the TDI' RSI green price line remained flat according to the Price action of the previous two bars/candles. This is why it is lagging the Stochastics. You are living on your Fantasy Island with you Holy Grail TDI. {image} Wake UP! ... Focus on chart reading ... ...
"Come show readers how your price action would have handled that US CPI data release."
Are you going to do the above Vincent or are you afraid that it will show readers how "late" Price Action can be by itself?
  • #139,960
  • May 11, 2023 2:45am May 11, 2023 2:45am
Quoting Tekkies
{quote} There is no right or wrong stretch, it all depends on how you the trader set-up your charts. ---- Use Ctrl-A. That will ensure the uniformity (same stretch) is always used on all charts. {image}

LOL @Tekkies

Ctrl+A will set the chart window height to [100} [50][50] ... always. The price window is always [100].

The stretch what the member ask has a value from 1 to 32.

Stop posting bullshit things you do not know.

You are still ignorant of the internals of MT4.

You are living on your Empty4 Fantasy Island ....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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