{quote} @Tekkies You did not use Money Management risk control in your MEME trade. {image} ...
Spot the difference!!!!
- #140,321
- May 30, 2023 2:53am May 30, 2023 2:53am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
Spot the difference!!!!
- #140,322
- May 30, 2023 3:11am May 30, 2023 3:11am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
BigE posted a very powerful method with good advice how to trade with TDI.
=== When TDI give a signal
> Refresh chart.
> Did TDI green cross red (green bounce red)
> TDI green angle above / below 2 / 4
> Is Stoch confirming TDI green direction
> Candle 1 or 2
===Use post#647 to confirm TDI signal
Taking small profit or big profit, at the end of the day it all adds up.
--------
Use the indicators /tpl provide in Post#25.
Download BigE full.pdf, (Post 96,183) study that pdf, test your study notes on demo account and you are good to go.
=== When TDI give a signal
> Refresh chart.
> Did TDI green cross red (green bounce red)
> TDI green angle above / below 2 / 4
> Is Stoch confirming TDI green direction
> Candle 1 or 2
===Use post#647 to confirm TDI signal
Taking small profit or big profit, at the end of the day it all adds up.
--------
Use the indicators /tpl provide in Post#25.
Download BigE full.pdf, (Post 96,183) study that pdf, test your study notes on demo account and you are good to go.
- #140,323
- May 30, 2023 3:18am May 30, 2023 3:18am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} {image}
Yes! @Tekkies
Spot the difference...you sell 1.0 lot then sell another two 0.5 lots...where is your risk control with initial risk 'R' as your Stop Loss and Position Sizing?
I sell first basket with two positions at half risk ME1 and make two entries based on M5 . The maximum risk is still one R with Stop Loss above previous two weeks high.
Closed first two positions in that same basket
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #140,324
- May 30, 2023 3:20am May 30, 2023 3:20am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
BigE posted a very powerful method with good advice how to trade with TDI. === When TDI give a signal > Refresh chart. > Did TDI green cross red (green bounce red) > TDI green angle above / below 2 / 4 > Is Stoch confirming TDI green direction > Candle 1 or 2 ===Use post#647 to confirm TDI signal {image} Taking small profit or big profit, at the end of the day it all adds up. -------- Use the indicators /tpl provide in Post#25. Download BigE full.pdf, (Post 96,183) study...
thanks for today' laughs....
some more lessons coming up on how to trade Demo money
stay tuned!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #140,325
- May 30, 2023 3:40am May 30, 2023 3:40am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
{quote} thanks for today' laughs....
Why not!!!!
Post#1..... I switched to Demo trading for several years while studying old charts.
Grow up Vincent, grow up.
- #140,326
- May 30, 2023 3:54am May 30, 2023 3:54am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
- #140,327
- May 30, 2023 3:57am May 30, 2023 3:57am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} "some more lessons coming up on how to trade Demo money" Why not!!!! Post#1..... I switched to Demo trading for several years while studying old charts. Grow up Vincent, grow up.
hey @Tekkies
Is that all you can cut-and-paste from Post#1?
Now go back and start all over again...read each paragraph and take own notes.
No wonder you are still deep down in your failure pit after more than 7 years losing money trading with the TDI as your Holy Grail.
People who traded with Dean Malone created TDI and lost money and they learned the hard way.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #140,328
- May 30, 2023 4:17am May 30, 2023 4:17am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
- #140,329
- May 30, 2023 4:28am May 30, 2023 4:28am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} Sorry, will try to reduce your stress level with some more snip bits: > The key to this method is the Traders Dynamic Index indicator for entries and exits. > I also use a Stochastics (8,3,3) indicator. It is ONLY used to confirm direction. > Nothing else Don't disregard this snip bit. > Start trading a Demo account until you build your confidence and only then consider switching to a live account
thanks for another laugh....
very entertaining with your selective reading habits and simple cut-and-paste job
no wonder you are lost money for more then 7 years and still will lose money going forward until you figure out post#647 and #261
some more lessons coming up on how to trade Demo money and gain confidence
stay tuned!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #140,330
- May 30, 2023 4:38am May 30, 2023 4:38am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} XAU May30 TMS EVO_2023 trades closed - close the basket with two positions - re-open a new basket and start all over again {image} {image}
XAU May30 TMS EVO_2023 trade update:
- after the last basket taken profits, re-open new basket ME1 level @1934.50ish
- as price now retraced to ME2 level @1944ish, I wait for another possible M5 entry to build position
- note the initial Stop Loss is now 2013ish and the Weekly HA candle open price ... must take note of these
- TMS EVO Money Management is to manage risk trading with risk control and Position Sizing
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #140,331
- May 30, 2023 4:48am May 30, 2023 4:48am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
GU May30 H4 - double Master Candle is like a 'compressed spring' - it is waiting for something to happen - if you catch it... then it is your bonus for the next 20TDC {image} https://youtu.be/4lZyFqN0wvg ...
- missed the H1 setup Dynamic Entry of the H4 active candle
- too risky to chase this now unless there is a low risk trade idea type entry
poor @Tekkies have no idea what I am talking about here ...
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #140,333
- May 30, 2023 6:18am May 30, 2023 6:18am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote}try to study the real price action, don’t study indicator pls my people
its going to be good ... when @Tekkies read your post
I know what he is thinking all the time
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #140,335
- May 30, 2023 6:28pm May 30, 2023 6:28pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #140,336
- May 30, 2023 6:31pm May 30, 2023 6:31pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} GU May30 London 9am 4hr trade window... - missed the H1 setup Dynamic Entry of the H4 active candle - too risky to chase this now unless there is a low risk trade idea type entry {image} poor @Tekkies have no idea what I am talking about here ... ...
GU May31 UPDATE:
- the Weekly candle has the control ... range 165/90
- not likely it will run 3 to 8 candles
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #140,337
- May 30, 2023 6:40pm May 30, 2023 6:40pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} Sorry, will try to reduce your stress level with some more snip bits: > The key to this method is the Traders Dynamic Index indicator for entries and exits. > I also use a Stochastics (8,3,3) indicator. It is ONLY used to confirm direction. > Nothing else Don't disregard this snip bit. > Start trading a Demo account until you build your confidence and only then consider switching to a live account
hey @Tekkies
how what #392 on money management which you missed?
***Do Not pull all your eggs in one basket. Divide your account margin and trade several pairs say 5 pairs at the same time and have your 60:40 rule***
your sell trades one sell 1.0 lot and two sells 0.05lots are over leveraging with your small account.... do you recall your margin call 99.4% that week?
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #140,338
- May 30, 2023 7:20pm May 30, 2023 7:20pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
BigE posted a very powerful method with good advice how to trade with TDI. ===When TDI give a signal > Refresh chart. >Did TDI green cross red (green bounce red) > TDI green angle above / below 2 / 4 > Is Stoch confirming TDI green direction > Candle 1 or 2 ===Use post#647 to confirm TDI signal {image} Taking small profit or big profit, at the end of the day it all adds up. -------- Use the indicators /tpl provide in Post#25. Download BigE full.pdf, (Post...
I don't think Big E posted an very powerful method. There is no such thing as a powerful method in how to trade the markets.
Big E' 5-Method is a simple technical trading method with few rules for entries and exits. Simple does not equate to very powerful. A method without a proven money management strategy is not a winning system. A winning system must have a winning mental strategy as integral part of the winning edge.
@Tekkies, you can stop lying and misleading people here with all your misinformation and disinformation. None of his methods are Holy Grail.
Big E made it very clear long time ago... #3381 Feb 2011.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #140,339
- May 30, 2023 7:29pm May 30, 2023 7:29pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} XAU May30 TMS EVO_2023 trade update: - after the last basket taken profits, re-open new basket ME1 level @1934.50ish - as price now retraced to ME2 level @1944ish, I wait for another possible M5 entry to build position - note the initial Stop Loss is now 2013ish and the Weekly HA candle open price ... must take note of these - TMS EVO Money Management is to manage risk trading with risk control and Position Sizing {image} ...
XAU May31 Update:
- today the Weekly candle will close ...
- the ongoing retracement is quite deep but not enough sellers to "Cut-Losses-Short" so just be mentally prepared if you have to...
- just don't give back too much what the market had given you ... is giving back 50% too much for you mentally?
- could be a 2B ??? but what is the market sentiments at this time?
Weekly
Daily
- what about this Daily POP Gun?
- will it pop just in time for a new swing move?
- often the market set up traders when they are looking for trade setups aware of the traps
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #140,340
- May 30, 2023 8:36pm May 30, 2023 8:36pm
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
{quote} XAU May31 Update: - today the Weekly candle will close ... - the ongoing retracement is quite deep but not enough sellers to "Cut-Losses-Short" so just be mentally prepared if you have to... - just don't give back too much what the market had given you ... is giving back 50% too much for you mentally? - could be a 2B ??? but what is the market sentiments at this time? Weekly {image} Daily - what about this Daily POP Gun? - will it pop just in time for a new swing move? - often the market set up traders when they are looking for trade setups...
