Attachments: Trading Made Simple

Trading Made Simple

#66,041
Feb 21, 2016 5:54pm Feb 21, 2016 5:54pm

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,190 Posts

Quoting emmanuel7788

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EURCAD H4 trade: {image}

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this H4 trade closed.

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for analysis for this trade, read this post:
http://www.forexfactory.com/showthre...72#post8763272

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#66,042
Feb 21, 2016 6:21pm Feb 21, 2016 6:21pm

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,190 Posts

Quoting mousteven

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{quote} Hello Emmanuel: You got a pair of eagle eyes. Yes, I missed the ME3 trade on my D1 chart, didn't notice until you mentioned it. I guess I forgot to check before I posted. Also, thanks for your compliment, sorry for the late reply. I had a busy working days on last Thursday and Friday and took a rest during the weekend, maybe that would motivate me to learn and work hard on trading system, $ management and psychology, so one day I could no longer work for somebody else but only me and retire soon. Just done my weekly BBP. : ) Best regards,...

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We need more than a pair of good eyes when we want to succeed as traders. Attention to details is very important and being meticulous in everything we do will make big difference.

How I learn from other traders posts. I read what they write which usually describe their thought process and what they see on this charts. Often I see posts made by traders showing their winning trades, I read what they describe in their posts and try to relate that on their post chart. Often I read things they wrote which can only be seen in hindsight. This is when I start to get curious and run backtest of those winning trades. Doing these backtest, I learn more about the TDI verions. I made a collection of those winning trades posts and I learn a great deal doing this way of backtesting of those posts showing winning trades. This led me to believe that "honesty is a very expensive gift,..." and hindsight is indeed 20/20 vision. Studying some of the pdfs compiled here is a waste of time and you won't learn anything from them unless you do your own backtesting and forward testing in realtime live market.

To those who are still struggling to reach a profitability and consistency, my advice is that you do not give up so easily because it takes a lot of time to practice.
You need to know what knowledge is required to be a trader. You take stock of what you already know and also what knowledge you still need to acquire. Find a good source which will help you acquire those knowledge which you do not have. Have a structure to learn and acquire those knowledge which you will need.
Forget about what some people will say that if you follow and trade like it is described in Post#1 you will make money. Very few can, but many cannot.
You have to decide this on your own. No two persons are the same when it comes to being traders.

Trade Well.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#66,043
Feb 21, 2016 7:23pm Feb 21, 2016 7:23pm

pete.alfa
| Joined Dec 2007 | Status: Trader | 560 Posts

Quoting emmanuel7788

Disliked

{quote} We need more than a pair of good eyes when we want to succeed as traders. Attention to details is very important and being meticulous in everything we do will make big difference. How I learn from other traders posts. I read what they write which usually describe their thought process and what they see on this charts. Often I see posts made by traders showing their winning trades, I read what they describe in their posts and try to relate that on their post chart. Often I read things they wrote which can only be seen in hindsight. This is...

Ignored

Well said

practice,practice & practice.

Best regards,

#66,044
Feb 21, 2016 7:27pm Feb 21, 2016 7:27pm

pete.alfa
| Joined Dec 2007 | Status: Trader | 560 Posts

Quoting mousteven

Disliked

{quote} Hello Emmanuel: You got a pair of eagle eyes. Yes, I missed the ME3 trade on my D1 chart, didn't notice until you mentioned it. I guess I forgot to check before I posted. Also, thanks for your compliment, sorry for the late reply. I had a busy working days on last Thursday and Friday and took a rest during the weekend, maybe that would motivate me to learn and work hard on trading system, $ management and psychology, so one day I could no longer work for somebody else but only me and retire soon. Just done my weekly BBP. : ) Best regards,...

Ignored

Hi mousteven

If you don't mind Please share your weekly BBP to us so we can work together on ME/ME from initial buy to build & run.

Regards,

#66,045
Feb 21, 2016 8:37pm Feb 21, 2016 8:37pm

kevinfeng
| Joined Sep 2014 | Status: Trader | 48 Posts

Quoting pete.alfa

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{quote} Hi mousteven If you don't mind Please share your weekly BBP to us so we can work together on ME/ME from initial buy to build & run. Regards,

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Maybe anyone who make BBP plans and agree to share them can uploade here from now on. EMMA`s BBP plan help me a lot.
all of us can learn from other`s idea, work together and improve our skill of MEME money management method.
just my two cents

#66,046
Feb 21, 2016 11:58pm Feb 21, 2016 11:58pm

Trader MT4
| Joined Jul 2012 | Status: Trader | 302 Posts

Quoting emmanuel7788

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EURCAD H4 trade: {image}

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Hi Emm,
what is DBLHC?

Dan

#66,047
Feb 21, 2016 11:59pm Feb 21, 2016 11:59pm

heispark
Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,088 Posts

Quoting Trader MT4

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{quote} Hi Emm, what is DBLHC? Dan

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Search...

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Simplicity is the ultimate sophistication - Leonardo da Vinci

#66,048
Feb 22, 2016 12:18am Feb 22, 2016 12:18am

Trader MT4
| Joined Jul 2012 | Status: Trader | 302 Posts

Hi Emm,

please look this:

http://www.forexfactory.com/showthre...98#post8768098

#66,049
Feb 22, 2016 1:04am Feb 22, 2016 1:04am

Bushy
Joined Jan 2016 | Status: Trader | 743 Posts

Quoting emmanuel7788

Disliked

{quote} We need more than a pair of good eyes when we want to succeed as traders. Attention to details is very important and being meticulous in everything we do will make big difference. How I learn from other traders posts. I read what they write which usually describe their thought process and what they see on this charts. Often I see posts made by traders showing their winning trades, I read what they describe in their posts and try to relate that on their post chart. Often I read things they wrote which can only be seen in hindsight. This is...

Ignored

Or, you can do it the way I did it, forget all that, get totally stressed about it all, keep banging at it with no real direction, make virtually no notes whatsoever, be totally undisciplined, especially when things go wrong, jump from one strategy to another, it'll probably take you 5 times as long, but if you like doing things the hard way, then totally ignore the above.

#66,050
Feb 22, 2016 1:06am Feb 22, 2016 1:06am

mousteven
Joined Jul 2012 | Status: Trader | 123 Posts

Quoting pete.alfa

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{quote} Hi mousteven If you don't mind Please share your weekly BBP to us so we can work together on ME/ME from initial buy to build & run. Regards,

Ignored

Hi~~ pete.alfa,

How are you doing?

My weekly BBP is just an update of historical price swing level and identifying weekly & daily candles formation and pattern formation that's all. Unfortunately, I can't find (with my newbie hindsight) any good D1 setup so far.

Let's work together, if you find one please share with us as well.

Regards,

steven

#66,051
Feb 22, 2016 2:24am Feb 22, 2016 2:24am

kbforex
| Joined Jun 2011 | Status: Trader | 228 Posts

Hello Traders, could anyone suggest a good Forex Broker in the US.My friend just relocated to the US and looking for a Forex Broker in US to open a trading account with.

Thanks

Enter Signature

#66,052
Feb 22, 2016 2:45am Feb 22, 2016 2:45am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,190 Posts

Quoting heispark

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{quote} Search... {image}

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you are great help here...

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#66,053
Feb 22, 2016 3:27am Feb 22, 2016 3:27am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,190 Posts

Quoting emmanuel7788

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{quote} Hi Dan, I think you did not get the ME/ME concept right. See these recent posts: http://www.forexfactory.com/showthre...78#post8751578 http://www.forexfactory.com/showthre...99#post8761299 One of the rule is..."take what the market gave and give little back". When the market move in our favour, take the profit and re-enter again so long as there is no invalidation of the trade setup. We are using 0.5ADR distance to add-on trades with small lots size which we calculate using 0.2% risk and the ADR(100)....

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EURAUD trade update:

Took profit 2 trades, +28pips +147pips. Re-entry made.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#66,054
Feb 22, 2016 4:28am Feb 22, 2016 4:28am

Bushy
Joined Jan 2016 | Status: Trader | 743 Posts

Going for the range, good cross on 1hr, not the greatest of setups as far as HTF is concerned, maybe I will be kicking myself not sticking to the 4hr !!

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#66,055
Feb 22, 2016 5:42am Feb 22, 2016 5:42am

kevinfeng
| Joined Sep 2014 | Status: Trader | 48 Posts

here is my PLAN of GBPNZD:
Month: there is a IB break
week: because of today GBP jump down, it jump out MC candles last for 6 weeks;
daily: jump through the 2015 year low point, and also is a DAY IB break.
i plan to open short MEME orders until tomorrow moring when the Monday candle colsed(should not be a MBR CANDLE) if TDI support and nothing change.
any advise?

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