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Trading Made Simple

  • #26,621
  • Oct 19, 2013 9:19am Oct 19, 2013 9:19am
Quoting brandy711
{quote} i did try,but seems that is currupt,can u send again?
Go to the paperclip at the top of the page, click on that, you will find everything you could possibly need to trade this system, there is no point people having to keep repeating the uploads.
  • #26,622
  • Oct 19, 2013 11:00am Oct 19, 2013 11:00am
Good Saturday morning to everyone,

Just wanted to say that Dean Malone has posted up
some new training videos at Compass fx.com

Excellent videos! Excellent training! Excellent Knowledge!

Go to Compass fx.com
Go to Videos
Go to DOTS/Guppy system
Check it out...you'll be glad you did!

Check out the video (2-3 pages back "I want to be a billionaire" ) What's your plan? You gotta have a plan!

Have a great weekend everyone

snarlyjack
  • #26,623
  • Oct 19, 2013 11:39am Oct 19, 2013 11:39am
I want to be a billionaire ...

You gotta have a plan!

What's your plan?

Can YOU see a plan here?

sj
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  • #26,624
  • Oct 19, 2013 1:15pm Oct 19, 2013 1:15pm
Quoting snarlyjack
I want to be a billionaire ... You gotta have a plan! What's your plan? Can YOU see a plan here? sj {image}
The way I see it is a retracement in the short term with a little 1H divergence, 50% retrace of higher time frame down leg around the green line.
Then I guess it can go two ways, Keep going down which will make the CD leg of the bigger move or as the weekly TDI looks very bullish a rally up to test the .98 area.

As always with any theory's/ plans trade what we see not what we think.

http://charts.mql5.com/2/806/audusd-...ader-ltd-3.png
  • #26,625
  • Oct 19, 2013 9:41pm Oct 19, 2013 9:41pm
Quoting snarlyjack
Good Saturday morning to everyone, Just wanted to say that Dean Malone has posted up some new training videos at Compass fx.com Excellent videos! Excellent training! Excellent Knowledge! Go to Compass fx.com Go to Videos Go to DOTS/Guppy system Check it out...you'll be glad you did! Check out the video (2-3 pages back "I want to be a billionaire" ) What's your plan? You gotta have a plan! Have a great weekend everyone snarlyjack
Thank you Jack. I enjoyed the videos. They have a lot of good videos....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #26,626
  • Oct 20, 2013 2:42am Oct 20, 2013 2:42am
USDCHF H4. 3drives pattern into support-turned-resistance. damn how do i not see it before its too late?!

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Same chart zoomed out:

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  • #26,627
  • Oct 20, 2013 6:22am Oct 20, 2013 6:22am
Quoting kwonkicker
USDCHF H4. 3drives pattern into support-turned-resistance. damn how do i not see it before its too late?! {image} Same chart zoomed out: {image}

Attached Image


Hi kwonkicker,

Good post. ... the 3-drives is good and also the TDI show divergence on the last wave.

I see you have a 34EMA channel on your chart. Are you trading Raghee Horner 34EMA method?

Let me ask one of my team member who trades the 34EMA wave method with TMS. He will have some insight on this pair.

Maybe I will post some thoughts on this pair later after I complete planning for next week.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #26,628
  • Oct 20, 2013 7:03am Oct 20, 2013 7:03am
Quoting snarlyjack
I want to be a billionaire ... You gotta have a plan! What's your plan? Can YOU see a plan here? sj {image}
yes, I got a plan and my plan is to compound trade profits into my capital and because I start with a small capital of $100k, I can only dream to be a billionaire.

realistically, I can make one million dollars after 1200 trades over 4+ years, and when I focus in the following:
1) using R-Multiple and Position sizing,
2) careful with trade setups and be very selective in trade Go/No-Go decision taking only the A+++ setups,
3) keeping my initial SL to between 100 and 135 pips and not risking more than 2% per trade,
4) be consistent and maintain a win rate above 45%
5) I must compound all my winnings.

what I see on the AU pair is 0.9720 being key level for next week.

Good Trading next week 43.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #26,629
  • Oct 20, 2013 8:09am Oct 20, 2013 8:09am
well i dont exactly trade Horner's method, but thats the way i choose to identify trends. Cuz i noticed i tend to trade short term moves, so mr Galloway's 89ema was too "long term" fo me. couldnt care less about the number on MA's settings box.

btw your graph looks a lot like gold chart. but im sure the correlation will end soon cuz yours aint having a 50% retracement (a word that every spell checker labels as "wrong") for sure.

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PS: the fact that you are here teaching all those people despite the fact that you are a millionaire with better things to do made you my hero. cheers. *asskisser*

PS2: 243%=243k so whats up with 1.2mill?
  • #26,630
  • Oct 20, 2013 9:01am Oct 20, 2013 9:01am
Quoting snarlyjack
Good Saturday morning to everyone, Just wanted to say that Dean Malone has posted up some new training videos at Compass fx.com Excellent videos! Excellent training! Excellent Knowledge! Go to Compass fx.com Go to Videos Go to DOTS/Guppy system Check it out...you'll be glad you did! Check out the video (2-3 pages back "I want to be a billionaire" ) What's your plan? You gotta have a plan! Have a great weekend everyone snarlyjack

Hi Snarlyjack,

I am a relative newbie to FF and trading in general, although I have posted a couple of questions on here and have had nothing but positive responses and the help I have received has been such a massive help as I learn the ins and outs of TMS!

Thanks to Emmanuel who replied quickly and promptly to any questions I had, hope you have plenty of success in future.

I am currently trying to formulate my 6-10 trading rules/checklist and also my strategy document. I have been looking at the Guppy System with interest, and want learn more about it. I really like the look of using them to filter out the more 'questionable" trades I have a talent for finding!

Where can I get the links to that page of videos? I tried on the compassfx website, but there i can find any videos under the Education or Resources menus. Do I have to sign up to get them? Is it a paid subscription?

Cheers

Paul
  • #26,631
  • Oct 20, 2013 9:15am Oct 20, 2013 9:15am
Quoting irishtoffy
{quote} Hi Snarlyjack, I am a relative newbie to FF and trading in general, although I have posted a couple of questions on here and have had nothing but positive responses and the help I have received has been such a massive help as I learn the ins and outs of TMS! Thanks to Emmanuel who replied quickly and promptly to any questions I had, hope you have plenty of success in future. I am currently trying to formulate my 6-10 trading rules/checklist and also my strategy document. I have been looking at the Guppy System with interest, and want learn...
Hi irishtoffy,

I'm sure SJ can give you a more pin point link but you could start here for now: -

http://www.compassfx.com/video/

Regards

Adam
  • #26,632
  • Oct 20, 2013 9:33am Oct 20, 2013 9:33am
Quoting irishtoffy
{quote} Hi Snarlyjack, I am a relative newbie to FF and trading in general, although I have posted a couple of questions on here and have had nothing but positive responses and the help I have received has been such a massive help as I learn the ins and outs of TMS! Thanks to Emmanuel who replied quickly and promptly to any questions I had, hope you have plenty of success in future. I am currently trying to formulate my 6-10 trading rules/checklist and also my strategy document. I have been looking at the Guppy System with interest, and want learn...
Hi irishtoffy,

The guppy videos can be found here

http://www.compassfx.com/video/

looks for dots-guppy inside
  • #26,633
  • Oct 20, 2013 9:50am Oct 20, 2013 9:50am
Quoting adamjhdavis
{quote} Hi irishtoffy, I'm sure SJ can give you a more pin point link but you could start here for now: - http://www.compassfx.com/video/ Regards Adam
Brilliant, thanks a lot!

Should have tried searching that on the address bar!
  • #26,634
  • Oct 20, 2013 10:49am Oct 20, 2013 10:49am
Quoting kwonkicker
well i dont exactly trade Horner's method, but thats the way i choose to identify trends. Cuz i noticed i tend to trade short term moves, so mr Galloway's 89ema was too "long term" fo me. couldnt care less about the number on MA's settings box. btw your graph looks a lot like gold chart. but im sure the correlation will end soon cuz yours aint having a 50% retracement (a word that every spell checker labels as "wrong") for sure. {image} PS: the fact that you are here teaching all those people despite the fact that you are a millionaire with...

Well, I am not trying to teach people here but to share some stuff I learned trading the markets for 25 years. Making $200k per year does not make me a millionaire. It requires knowledge and experience, plus hard work and discipline to find a replacement income and to retire to a comfortable life. Sharing here is to help people learn that it take a lot more than just a simple trading method to make money in these markets. Some people in FF makes trading spot forex look to be easy and some even report making thousands of pips per week trading with 10cents per pip and huge drawdowns. Truth is making money is not easy when we do not have the right size capital. I know that you know what I am talking about here.

Your are right, that 243% does not reflect the end results of 1200 trades. It is the average of 300 trades/cycle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #26,635
  • Oct 20, 2013 10:54am Oct 20, 2013 10:54am
Here is a post mortem review of UChf week 42.
The lesson here is that we must always do our own WTDA weekly top down analysis before we start the trading week. With the WTDA, we will see where the S&R are and look for potential trade setup opportunities.
In this example below, my buddy uses the 34EMA wave with the TDI.
D view:
Attached Image (click to enlarge)
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H4 view:
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #26,636
  • Oct 20, 2013 11:36am Oct 20, 2013 11:36am
Quoting emmanuel7788
Here is a postmortem review of UChf week 42...

cant kill a dead horse.
  • #26,637
  • Oct 20, 2013 12:09pm Oct 20, 2013 12:09pm
Good morning tms,

Emmanuel,

We share the exact same goal! I also am retired and just trying to make a good
retirement income. Their are lot's of ways to skin the cat but the end result is
the same, ie: make money.

Everyone is different and looks at the market in their own way. We all have
different backgrounds and educational levels. What works for you might not
work for me. For example, because of my time frame I can't stay up all
night and watch each and every pip pass by. That doesn't make a system wrong,
we all have to find what works best for us. When I'am looking at systems I
want to know all of my options, because we all trade just a bit different.

However, that being said, your right in the system is just the tip of the iceberg.
Their is lot's of stuff that a person needs to know. The better prepared you are
the better. So...what's the plan, what's the system, does it make
sense, what should I do if this happens, what should I do if that happens. Plus more...

It all takes time. Our goal's are the same, ie: make money.

I appreciate your help and thoughts... thankyou.

sj
  • #26,638
  • Oct 20, 2013 12:51pm Oct 20, 2013 12:51pm
Irishtoffy,

Welcome to tms!

You will find loads of good information here with
like minded traders who are willing to help.

We all share the same goal...to try and make money.
This is a great place to learn how to trade.

Welcome

sj
  • #26,639
  • Oct 20, 2013 1:37pm Oct 20, 2013 1:37pm
Quoting kwonkicker
{quote} cant kill a dead horse.
Sorry but you crack me up I knew you had to be from the UK with that sense of humour.
  • #26,640
  • Oct 20, 2013 3:09pm Oct 20, 2013 3:09pm
What were really talking about is:

What kind of race car are we looking it ...

sj
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