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Trading Made Simple

  • #11,001
  • Sep 3, 2011 6:01pm Sep 3, 2011 6:01pm
Quoting Favorite
I was talking about 60+ pips' spikes. I wouldn't call regular 20 pips M-5 movements "spikes", for me it is just whipsawing, and this whipsawing is the main reason why I don't trade TMS on M-5.
I think we're talking about the same thing here, spike, whipsaw, what ever. As you said the market moves 20 pips easily and regularly, so more chance of getting taken out.
  • #11,002
  • Sep 3, 2011 6:12pm Sep 3, 2011 6:12pm
This is from Todd Brown's Trading Authority training and is several years old. Those of you that were students/clients recognize this. This 5 steps analogy is really only the tip of the iceberg.

Todd is an incredible mentor and truly revolutionized the emphasis on trading psychology and teaching traders to overcome psychological barriers using Neural Linguistic Programming (NLP) and Neural Associative Conditioning (NAC).

He continues to be the leader trading education for retail traders like us as well as institutional traders. His methods changed my trading approach radically.

His work continues to be cutting edge and he is sought out regularly by all of the major trading floors, exchanges and prop rooms for his unmatched ability to get traders in the right trading state of mind.

I owe him a tremendous amount for his patience and knowledge.
  • #11,003
  • Sep 3, 2011 9:41pm Sep 3, 2011 9:41pm
Quoting 33drifter
I think we're talking about the same thing here, spike, whipsaw, what ever. As you said the market moves 20 pips easily and regularly, so more chance of getting taken out.
I say potato, you say potato...
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,004
  • Edited 10:17pm Sep 3, 2011 10:00pm | Edited 10:17pm
Quoting MrOFU
Hi Favorite, is it your thread on Kroufr? I have read it twice. It is a pity that you left your thread there.
Hi MrOFU!

Yes, it is my thread on Kroufr. I started the Kroufr thread because I wanted to discuss my own TDI-way (and I stated this purpose at the beginning of the Kroufr thread). In a month and a half I refined my own TDI successful strategy and helped other traders to master TDI.

Maintaining a very popular 110+ pages' thread is a big responsibility and it takes at least 2-3 hours per day (it is TOO MUCH for me, I can't afford it), and since I already did my best helping people to master TDI and gave the thread-readers everything I've got, I decided to leave the Kroufr thread and say "Good-bye".

P.S. Sorry for the off-top, but I had to answer this question here, not via PM, because MrOFU is not the only Kroufr trader who reads this thread.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,005
  • Sep 3, 2011 11:21pm Sep 3, 2011 11:21pm
Quoting FX-Trader
Found this on another site and thought it would be helpful...

The 5 Stages of a Trader

Stage One: Unconscious Incompetence.

This is the first step you take when starting to look into trading. You know that it’s a good way of making money because you’ve heard so many things about it and heard of so many millionaires. Unfortunately, just like when you first desire to drive a car you think it will be easy – after all, how hard can it be? Price either moves up or down – what’s the big secret to that then – let’s get...

I think I am in and out of stage 4, with returns to stage 3, and a few visits to stage 5. In October, I will have been trading live for a year. One thing that helped me tremendously was reading "Trading in the Zone" because it began to prepare me mentally and emotionally, and it sounds like this author educates along the same lines. good luck to everyone.
  • #11,006
  • Sep 4, 2011 3:33am Sep 4, 2011 3:33am
Quoting Favorite
GUYS, WE HAVE 11,000 POSTS!!!
Right, but only 10% are worth reading!!
The other 90% is crap from people posting dumb questions that already have been answered several times...
  • #11,007
  • Sep 4, 2011 5:59am Sep 4, 2011 5:59am
keeping my eye on this one, if daily makes the cross ill drop to H4 for an entry
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  • #11,008
  • Sep 4, 2011 9:27am Sep 4, 2011 9:27am
Quoting dcginc
This is from Todd Brown's Trading Authority training and is several years old. Those of you that were students/clients recognize this. This 5 steps analogy is really only the tip of the iceberg.

Todd is an incredible mentor and truly revolutionized the emphasis on trading psychology and teaching traders to overcome psychological barriers using Neural Linguistic Programming (NLP) and Neural Associative Conditioning (NAC).

[color=black][font=Verdana]He continues...
Is he a student of Bill Williams? This is verbatim in trading chaos.
  • #11,009
  • Sep 4, 2011 9:29am Sep 4, 2011 9:29am
Quoting maxtrader
I would love this indicator.
I was curious too...found it elsewhere.
Attached File(s)
File Type: ex4 Golden Super k.ex4   4 KB | 844 downloads
  • #11,010
  • Sep 4, 2011 9:49am Sep 4, 2011 9:49am
Quoting Olarion1975
only 10% are worth reading!!
The other 90% is crap from people posting dumb questions that already have been answered several times...
Like ANY thread!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,011
  • Sep 4, 2011 10:41am Sep 4, 2011 10:41am
Quoting XxLessoxX
I was curious too...found it elsewhere.
What would be the benefit of these vs the Hk candles?
F09
  • #11,012
  • Sep 4, 2011 11:05am Sep 4, 2011 11:05am
[quote=Fitness09;4926128]What would be the benefit of these vs the Hk candles?
F09[/QUOTE

The benefit is one can see candle patterns but also with heiken ashi colours,sometimes the colour of heiken ashi might not represent the bullish or bearish sentiment of the true candle line



sorry maxtrader ,didnt see your post til now
  • #11,013
  • Sep 4, 2011 11:19am Sep 4, 2011 11:19am
[quote=Tedge UK;4926150]
Quoting Fitness09
What would be the benefit of these vs the Hk candles?
F09[/QUOTE

The benefit is one can see candle patterns but also with heiken ashi colours,sometimes the colour of heiken ashi might not represent the bullish or bearish sentiment of the true candle line



sorry maxtrader ,didnt see your post til now
Thanks. That's what I figured and I will try them out this week. Thanks again.
F09
  • #11,014
  • Sep 4, 2011 11:55am Sep 4, 2011 11:55am
XxLessoxX
Quote
Is he a student of Bill Williams? This is verbatim in trading chaos.

Don't know. Todd has been trading/training for over 15 years. Hard to say who the originator is, but this is where I was first exposed to it.

In any event, still good information!
  • #11,015
  • Sep 4, 2011 12:41pm Sep 4, 2011 12:41pm
Quoting dean
...more to the point I dont want to trade smaller time frames....I get too stressed....I just havent been able to see good reasons to go higher...
Dean! I feel your pain. For years I thought if I could make money at Higher time frames then I could make more by drilling down. The Reality is that the Higher time frames allow us a dream lifestyle: Work 30 minutes a day and return 10% on our money consistently every month. The small time frames allow us to fullfill our greed factor by chasing every pip. When in fact we work ten times harder for very little return.

Here is my Back test of 3 pairs since January of this year. Using Daily charts and using Opening price for entry and exit price. Sticking to the strict system rules and only taking trades that show overbought/sold in either stochs or TDI and bounce trades. I split the charts in half so you can see all trades.

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Dean: 30 Minutes a day! Go fishing the rest of the time.
  • #11,016
  • Sep 4, 2011 12:52pm Sep 4, 2011 12:52pm
Quoting sbnelson2005
Here is my Back test of 3 pairs since January of this year. Using Daily charts and using Opening price for entry and exit price. Sticking to the strict system rules and only taking trades that show overbought/sold in either stochs or TDI and bounce trades.
have you backtested only visual, or you chek what was the price evry day you open and close a trade?
you know, hiekn ashi is average bars, so if you only backtested in visual mode, there is a lot of possibilities that it doesn't match the reality!!

if you have made the test, watching at price in numbers and not only in candles designed, is a very good thing!!
  • #11,017
  • Sep 4, 2011 12:53pm Sep 4, 2011 12:53pm
Quoting Olarion1975
Right, but only 10% are worth reading!!
The other 90% is crap from people posting dumb questions that already have been answered several times...
I totally agree and might add:

Number two most postings which are a waste of time and space are the silly, redunderant, off topic questions from new readers. (not always)

Number one; you guessed it. The replies to these questions from senior, more knowledgable (??) people in the thread. These replies sometimes outnumber the questions 3 or 4 times. If you think this number is wrong read (lol) any thread here in FF.

One solution would be; don't reply to the question, encourage newbee's find their own answers, their own solutions. This can only help them in the long run. Not only that, think of the space it would save.
Hej.
  • #11,018
  • Sep 4, 2011 1:23pm Sep 4, 2011 1:23pm
Quoting Stitch961
I totally agree and might add:

Number two most postings which are a waste of time and space are the silly, redunderant, off topic questions from new readers. (not always)

Number one; you guessed it. The replies to these questions from senior, more knowledgable (??) people in the thread. These replies sometimes outnumber the questions 3 or 4 times. If you think this number is wrong read (lol) any thread here in FF.

One solution would be; don't reply to the question, encourage newbee's find their own answers, their own solutions....
no one is forgotten or left behind?I agree with you in one sense but everyone has to learn,whrn reading a thread i usually scim through posts but when I get to one with some meat i slow down and reread
  • #11,019
  • Sep 4, 2011 1:42pm Sep 4, 2011 1:42pm
Quoting sbnelson2005
Dean! I feel your pain. For years I thought if I could make money at Higher time frames then I could make more by drilling down. The Reality is that the Higher time frames allow us a dream lifestyle: Work 30 minutes a day and return 10% on our money consistently every month. The small time frames allow us to fullfill our greed factor by chasing every pip. When in fact we work ten times harder for very little return.

Here is my Back test of 3 pairs since January of this year. Using Daily charts and using Opening price for entry and exit price....

Great setups, great trades. Unfortunately the market is not perfect and doesn't give us these nice waves at all times...%95 would be successful if it did...
  • #11,020
  • Sep 4, 2011 6:34pm Sep 4, 2011 6:34pm
Hi all,

Entered daily on below chart after diagonal support has turned to diagonal resistance in very long term down trend(solid red line)

Cross on TDI, with the trend and good resistance.

Trade is locked in.

Anyone else see this?
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Ask me again when I know what I'm talking about.
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