Taking an short position in this place, could everyone help me see if the set ups are correct?
Attached Image (click to enlarge)
- #148,642
- Oct 17, 2024 3:20am Oct 17, 2024 3:20am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
{quote} So this explain why you are being such a hater on ForexFactory: You have been losing money... I pity you, but consistency is the main thing to work on. Risk control can avoid you from giving back your profit to the market after winning trades. If you keep your performance like this but control the risk better, you will not need to suffer from blowing accounts every 3 years or so. You have win rate of >70%, with >1R:R per trade, there is very little chance to give back your profit, unless you risk too much like what you did in 2018. {image}...
@tommydog.... FakeTMSTrader
You are still the snake oil salesman here. In fact you have very fragile ego and you come here to get your ego massage by others .
I said you do not have 12 years track record to be that successful trader in this thread.
219 trades is not sufficient to prove a positive EXPECTANCY trading system. Read what I said, 10,000 trades to show CONSISTENCY .
Remember you only started trading in Oct 2020.
Your father age 66 years old and is a retired IT professional, and he trade the HSI for his retirement expenses...
So please admit it and move on with you day job which will pay all your living expenses.
My 2017 was a good year anyway since you like that old post so much.
Please show the following years 2018, 2019, ... to complete the 3 years cycle.
Look at my last 2247 trades closed Sep 30.
only 76% is good enough, just be consistent
626% ... low risk trading ideas modest reward
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #148,643
- Oct 17, 2024 3:23am Oct 17, 2024 3:23am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Taking an short position in this place, could everyone help me see if the set ups are correct? {image}
- TMS_V19 EA technicals
- Daily is sideways range bound
- 5EMA is red which is good
- so long you use %risk $$$ and have your initial Stop Loss and Position sizing done, you are good.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #148,645
- Oct 17, 2024 3:27am Oct 17, 2024 3:27am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #148,647
- Oct 17, 2024 3:32am Oct 17, 2024 3:32am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #148,651
- Oct 17, 2024 4:32am Oct 17, 2024 4:32am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
making another short, but might be it could not reach the TP. Did I enter too late? the Stoch already pass 50 line and the second candle were long. {image}
I do not see any potential for a +5R trade selling the 1Hr now.
I derived this conclusion based on Big E' post#281 and have written my own rules.
based on 4,100+ setup candles and Risk:Reward 1 to 5
the win rate is only 21%
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #148,652
- Oct 17, 2024 4:36am Oct 17, 2024 4:36am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #148,654
- Oct 17, 2024 4:55am Oct 17, 2024 4:55am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
{quote} After TMS_V19 EA analysis, {image} post #148,600 https://www.forexfactory.com/thread/...7#post15031077 For intraday trading, I will check using MT4 AI tool Neural Network Analysis to find the zone for the swing low and reversal.... for higher success. USDCAD AI NNA tool {image} ...
USDCAD
same S/U candle
the last 4000 S/U candles
Risk:Reward 1 to 5
Win Rate 21%
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #148,655
- Oct 17, 2024 6:08am Oct 17, 2024 6:08am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} So this explain why you are being such a hater on ForexFactory: You have been losing money... I pity you, but consistency is the main thing to work on. Risk control can avoid you from giving back your profit to the market after winning trades. If you keep your performance like this but control the risk better, you will not need to suffer from blowing accounts every 3 years or so. You have win rate of >70%, with >1R:R per trade, there is very little chance to give back your profit, unless you risk too much like what you did in 2018. {image}...
Another trade closed.
- #148,656
- Oct 17, 2024 6:09am Oct 17, 2024 6:09am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
{quote} Keep It Simple: Look for S/U candle and you will find the Stoch and TDI will agree with the S/U or not. Note: The S/U candle must be the last reversal in this case a Swing Low, use MT4 AI Neural Network Analysis to confirm the % zones of setup based on the last 20,000 S/U candles {image} ...
{image}
+4R profits now
- TDI above 68 ...
- no nonsense sell when TDI above 68
- market does not care what the TDI says
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #148,657
- Oct 17, 2024 6:11am Oct 17, 2024 6:11am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} Another trade closed. {image} {image}
TMS buy setup.
BigE’s TMS method.
Previous Highs and Lows.
Trend (in this case, range)
rejection as higher low formed
TDI cross signal
- #148,658
- Oct 17, 2024 6:24am Oct 17, 2024 6:24am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} DE40 Oct 17 M3 UPDATE: +4R profits now - TDI above 68 ... - no nonsense sell when TDI above 68 - market does not care what the TDI says {image} ... {image}
But are you idiot or something.
It is not selling when TDI is above 68. Where on earth did you read that?
What is a proper TMS trade entry?
What is HA candle 1 or 2?
BigE’s has mentioned about this a lot.
Learn from BigE and you will not think about selling in the strong uptrend.
- #148,659
- Oct 17, 2024 6:33am Oct 17, 2024 6:33am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
{quote} Nice hindsight trading. But are you idiot or something. It is not selling when TDI is above 68. Where on earth did you read that? What is a proper TMS trade entry? What is HA candle 1 or 2? BigE’s has mentioned about this a lot. {image} Learn from BigE and you will not think about selling in the strong uptrend. {image}
@tommydog...FakeTMSTrader
Your mental meltdown is now in its day number 4.
My post on S/U candle must have trigger further your fragile mental conditions.
Learn to spot S/U candle and learn to count the HA candle #1 and #2 , and #3 and #4, ...
There is no need for TDI to be at 68 or 32 level ... that is all nonsense ... read what he said many times ... "nothing work 100% "
Today your sell GBPUSD is against the Daily bearish day candle. That poor technical analysis.
Like all your trades you often have to go into Hope and Pray after trade entry. Post only when the trade end up a small winner .
High Risk Low Reward trade requires high win rate.
Anyway you have 220 trades only
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
