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Trading Made Simple

  • #147,581
  • Aug 1, 2024 6:20am Aug 1, 2024 6:20am
Quoting emmanuel7788
{quote} hey @Tekkies EU Aug31 NYOpen 9am - sell {image}
Why EU sell and GU exit?
  • #147,582
  • Aug 1, 2024 6:20am Aug 1, 2024 6:20am
Quoting rehmatkhan00
{quote} it looks like this person has some mental issue
Quoting rehmatkhan00
I do not follow smaller timeframes such as 1hr because it gives a lot of misleading signals however on 4hr and daily it looks like the price can move up a lot and correction has been completed.
@rehmatkhan00

There is no such thing as misleading signals.

If you had read all the OP' posts and like he said in post #261 "use your brain"...

then you will learn that there are no misleading signals , only ... when the TDI does not look good...

OP' post #2846
Quoting eelfranz
When you see a TDI cross that doesn't look good... start checking other timeframes for the trade... look at other templates at different timeframes... do a thorough investigation before entering any trade. If you do this faithfully your win rate will increase dramatically... If its not quite ready put it on a watch list and go back and check it every 5,15 or 30 minutes...
OP' post#3643

Quoting eelfranz
Johnami, The stochs is like comfort food... makes me feel more sure of my trade when it & the TDI agree... If they don't... I hesitate and take a closer look... smaller time frames, older PA, trend lines... things like that... just do more investigation before taking the trade...


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,583
  • Aug 1, 2024 6:24am Aug 1, 2024 6:24am
Quoting SnowManF
{quote} Why EU sell and GU exit?

XAU Aug01 M30 add-on more buys

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Aug01 M30 buy 1-8-2024 9-22-28 pm.png Size: 43 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,584
  • Aug 1, 2024 6:25am Aug 1, 2024 6:25am
Quoting SnowManF
{quote} Why EU sell and GU exit?
that's for @Tekkies

he cannot handle two sell with his small account.


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,585
  • Aug 1, 2024 6:34am Aug 1, 2024 6:34am
Quoting Tekkies
{quote} Finale someone woke up

hey @Tekkies

Yes, finally your buddy woke up and found his membership got revoked.

https://www.forexfactory.com/thread/...2#post14931182

Attached Image (click to enlarge)
Click to Enlarge Name: hasib #147,345 DrDave 1-8-2024 9-31-20 pm.png Size: 56 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,586
  • Aug 1, 2024 6:38am Aug 1, 2024 6:38am
Quoting emmanuel7788
{quote} that's for @Tekkies he cannot handle two sell with his small account. ...
But is it a valid sell bcs 4hr started to hook over.
  • #147,587
  • Aug 1, 2024 6:38am Aug 1, 2024 6:38am
Quoting emmanuel7788
{quote} XAU Aug01 M30 add-on more buys {image} ...

IF you want to know where is TP today,

checkout my posts in the NITS thread.
https://www.forexfactory.com/thread/1254177-no-indicator-trading-system


https://www.forexfactory.com/thread/...4#post14949614


Attached Image (click to enlarge)
Click to Enlarge Name: XAU Aug 01 Daily NYO9am 1-8-2024 9-38-05 pm.png Size: 23 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,588
  • Aug 1, 2024 6:47am Aug 1, 2024 6:47am
TDI slope is good.
Enter at the opening of the second candle.
Close the trade at the time indicated by BIG.
Loss -19 pips.

We continue calmly.
Attached Image (click to enlarge)
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  • #147,589
  • Aug 1, 2024 8:32am Aug 1, 2024 8:32am
Quoting RodrigoFxbr
TDI slope is good. Enter at the opening of the second candle. Close the trade at the time indicated by BIG. Loss -19 pips. We continue calmly. {image}
Don't close a good trade because of the time, stick with it or you will never have any big wins.
  • #147,590
  • Aug 1, 2024 8:36am Aug 1, 2024 8:36am
Quoting lynnc
{quote}Don't close a good trade because of the time, stick with it or you will never have any big wins.
Everything is according to my strategy and the teachings of Big. I've been trading this method for over 8 years.
  • #147,591
  • Aug 1, 2024 8:41am Aug 1, 2024 8:41am
Quoting RodrigoFxbr
{quote} Everything is according to my strategy and the teachings of Big. I've been trading this method for over 8 years.
Thats fair enough, I can't argue with that
  • #147,592
  • Aug 1, 2024 9:19am Aug 1, 2024 9:19am
Quoting RodrigoFxbr
TDI slope is good. Enter at the opening of the second candle. Close the trade at the time indicated by BIG. Loss -19 pips. We continue calmly. {image}
I also did the same thing and my SL was hit with -22 pips and later it did shoot up in my direction which kinda hurt me. Anyway there is not always winning trades sometimes you have to lose. So you have been trading this for strategy for 8 years...it means it is profitable over a long period of time???????
  • #147,593
  • Aug 1, 2024 9:38am Aug 1, 2024 9:38am
Quoting rehmatkhan00
{quote} I also did the same thing and my SL was hit with -22 pips and later it did shoot up in my direction which kinda hurt me. Anyway there is not always winning trades sometimes you have to lose. So you have been trading this for strategy for 8 years...it means it is profitable over a long period of time???????
Yes, it is profitable. You dont need to change anything in the strategy; just follow the rules from the first post. Try to aim for a modest percentage of your capital each month, and you will succeed.
  • #147,594
  • Aug 1, 2024 9:49am Aug 1, 2024 9:49am
Quoting RodrigoFxbr
{quote} Yes, it is profitable. You dont need to change anything in the strategy; just follow the rules from the first post. Try to aim for a modest percentage of your capital each month, and you will succeed.
thanks brother and I have used it for a week. I found it really profitable and accuracy is around 70-80 percent if you follow only 4hr timeframe.
  • #147,595
  • Aug 1, 2024 9:58am Aug 1, 2024 9:58am
There were also two more setups that I didn't enter, but both would have resulted in 90 to 110 pips, closing at the recommended time.
Attached Image(s) (click to enlarge)
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  • #147,596
  • Aug 1, 2024 10:09am Aug 1, 2024 10:09am
Quoting SnowManF
{quote} I exited and reentered with weekly bias there was no momentum and only was standing in the same price range so exited with minimal profit and now in good sell position.
Felt very strong about this trade for the few days kept adding positions at retracements not fully following the rulez of risk management and Big E but felt very strong about selling it and just closed it with 15% of my funded account pretty nice but not nice that i didnt keep it to the rules need more discipline but if following this method properly its very profitable its my first month or two trying improving myself as a trader and trying to polish my entries and decision's been doing great now after bit of wreckening.
  • #147,597
  • Aug 1, 2024 10:23am Aug 1, 2024 10:23am
Quoting SnowManF
{quote} Felt very strong about this trade for the few days kept adding positions at retracements not fully following the rulez of risk management and Big E but felt very strong about selling it and just closed it with 15% of my funded account pretty nice but not nice that i didnt keep it to the rules need more discipline but if following this method properly its very profitable its my first month or two trying improving myself as a trader and trying to polish my entries and decision's been doing great now after bit of wreckening.
my advice is that find a proper way for your trading and follow strict rules otherwise you will fail in long term because randomness always ends in loss. This is my experience in the market and this is what I have learned so far.
  • #147,598
  • Aug 1, 2024 10:26am Aug 1, 2024 10:26am
AU also seems to be a good sell setup
Attached Image (click to enlarge)
Click to Enlarge Name: au.png Size: 28 KB
  • #147,599
  • Aug 1, 2024 10:32am Aug 1, 2024 10:32am
Quoting rehmatkhan00
AU also seems to be a good sell setup {image}
I personally only enter 2 hours before the London open and 2 hours after. In this setup, the price is close to a support level and also below the 50 line on the TDI.
I would stay out!
  • #147,600
  • Aug 1, 2024 10:52am Aug 1, 2024 10:52am
Quoting RodrigoFxbr
{quote} I personally only enter 2 hours before the London open and 2 hours after. In this setup, the price is close to a support level and also below the 50 line on the TDI. I would stay out!
Entering two hour before London session is really effective and you have a good point that it is really near to support therefore it maybe not a good setup.
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