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More simple is impossible

Quoting lKeithStone
{quote}Basically what you are saying is Dee has been lying about his trades for over 3 years?
Lying in a sense that he claimed to have no losing trades at all. Anyway, what is important is to find your own way and you guys seem to be doing just that.
Invincibility lies in the defence; the possibility of victory in the attack
  • #7,242
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  • May 30, 2016 12:46pm May 30, 2016 12:46pm
Quoting Ren1058
{quote} Well played.
Thanks, at that point I would gladly call it a day. After that move, watching paint dry is more exciting than DE30. All one really needs is to hit his target, be it 50, 25, even 10 a day. You get your target and you go do something else, compounding does the rest.
Best, Josh
Quoting lKeithStone
{quote} I do agree with this to a point. It's just hard for me to fathom that someone (Dee) would only post winning trades for years on end. For what? to make himself look good on Forex Factory? I could see if he had some sort of alternative motive to sell courses... but he has never even hinted at this. He has shared everything for free. Hell, I may be in the crazy camp to think this is possible. I think the reason I believe this is possible is because Dee has lots of BE +2's. He would only need price to move +6 in his favor before getting to BE....
Thanks for the post.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Considering most of you have voiced you opinions here about Dee, I feel inclined to do the same, so we can move on. Does he trade without loss? I can't prove he does, and I can't disprove it with certainty. Dee never claimed 100% successful trade rate, but has stated that he takes losses, but they are few and rare. Has he posted all of them?The fact is that the guy doesn't owe anyone anything. He shared his time here teaching about SR, FIBS, Patterns, PA, etc and thats what I am grateful for.
It is possible with enough knowledge of PA, and a lot of trade experience to trade at such a level? Why on earth would he post his trades on the board and lie for 3 years? To pump up a forex factory image/ego? That is something a trading noob might do for probable commercial purpose and he would have been called out long before, as people on the thread would have clearly seen he doesn't know jack about trading. The main question is whether you believe Dee knows how to trade.. Clearly, imo he knows trading and I am not saying that from the results he showed, but from his contributions to this thead. The really important thing is that using his method which he has shared here, has seriously improved my own trading - and thats what matters to me. I am sure that some of you have improved as well, on his template, or implementing some of the ideas into your own. If I had detected that I am not improving my trading and that stuff posted here was bullshit, I would been long gone months ago. I now build a good case for a trade, and see that I can justify an entry...no more 50 50 gamble trading. I am better in my entries and exits. I take pictures at the time i pull the trigger and i take a picture after the trade is done. After the day is over, i tear those charts apart, annotate them and see what happened. My focus is my own growth, reducing bad entries, minimizing risk, taking pips home. - Ultimately, thats whats important folks.
So, is trading as simple as detecting a trend and riding it? If it is, why do so many fail in trading? Oh, yeah, its because we over-complicate it? We should just go trade and not improve? If you believe that, try it out. I do see how people can trade successfully only using PA, but to learn PA is in my view hardly "simple". It takes effort and time to learn and understand.
There are many "famous" traders out there and, they publish books, seminars, study groups, courses etc based on their views and "trading facts", and guess what...the 95% loss factor in Forex trading has not improved...not by an inch. When I started trading i tried such KISS(Keep it simple stupid) methods, and guess what... like the majority I failed...hardcore. Sure I had green days, but when market hit consolidation(market is est. 70% of the time in some form or consolidation), i got gang raped prison style. The problem is the trend, there are so many interpretations of how to define it, when its going to happen, how to know how powerful it is / estimate of where it might go. The thing is, there are many truths out there but also a lot of misconceptions. The only way to separate the two is by testing it, applying it, seeing if it works, more importantly if it works for you. Anyway, thats my view on this whole thing. Best, Josh
Quoting JoshuaHope
Considering most of you have voiced you opinions here about Dee, I feel inclined to do the same, so we can move on. Does he trade without loss? I can't prove he does, and I can't disprove it with certainty. Dee never claimed 100% successful trade rate, but has stated that he takes losses, but they are few and rare. Has he posted all of them?The fact is that the guy doesn't owe anyone anything. He shared his time here teaching about SR, FIBS, Patterns, PA, etc and thats what I am grateful for. It is possible with enough knowledge of PA, and a lot...
Nice comments.....I think all of us who share our trades here can state with absolute certainty that we have had dog poop trades we keep to ourselvesKind of like slipping a fart in a crowded elevator........having said that the goal is positive $$$`s at the end of each month. If we achieve that with some degree of grace then I call that success....
I agree that the market is in a classic trend maybe 30% of the time. My scalping strategy struggled in a trend and so did I....eventually I started to get the hang of trend trading[HH_HL_LL_LH]......Now I am working on a mindset that can shift between the 2 strategies better.....that includes sitting tight for a day or so to verify the Market and getting the brain re-wired accordingly .....
I hope Dee returns......I am glad the thread still continues to attract new ideas while keeping with the More Simple renco principles...
Quoting PhilippineFX
{quote} Nice comments.....I think all of us who share our trades here can state with absolute certainty that we have had dog poop trades we keep to ourselvesKind of like slipping a fart in a crowded elevator........having said that the goal is positive $$$`s at the end of each month. If we achieve that with some degree of grace then I call that success.... I agree that the market is in a classic trend maybe 30% of the time. My scalping strategy struggled in a trend and so did I....eventually I started to get the hang of trend trading[HH_HL_LL_LH]......Now...
Thanks PhilippineFX.

I totally agree about the mind set. You cant trade trend the same way as consolidation. HHHLLLLH is a great principle and has also helped me a lot.
Just to give a quick example of this, one can take a look at the GER30 for the past few days. On the second day of the run, i went in stupid looking for reversals. No LL ever printed, let alone LH, oscillators keeping high. In such a trending market, to go looking for a divergence, at brn or S/R/fib etc and going short, will most likely fail.(hdivs work well) In a consolidating market, about 70% of the time, it will work rather well. So one does need two "mental" strategies for different market conditions and I would say experience to see the shift from one to another. On the third day, i got it right and how? I looked at HHHLLLLH and paid attention to oscillators on HTF.
This actually maybe one of the reasons why the failure rate in Forex is so high - when I traded kiss methods, like many other traders, i would make $ in the trend, give it back in consolidation and some. If you make money in the consolidation, you will probably give it all back in trend when you go guessing tops without making the "mind switch". I am still working on this as well.
As for the losing trades, i would say that the only important thing is to learn from them, and avoid repeating them if possible.
I also hope that Dee returns to the thread and I hope everyone here achieves their trading goals. As you said, whats important is the $$$ in hand at the end of the day/week/month, not necessarily how you get it. - I hope nobody misinterprets this and seeks out a life of drug trafficking or prostitution

Best, Josh
Quoting JoshuaHope
{quote} Thanks PhilippineFX. I totally agree about the mind set. You cant trade trend the same way as consolidation. HHHLLLLH is a great principle and has also helped me a lot. Just to give a quick example of this, one can take a look at the GER30 for the past few days. On the second day of the run, i went in stupid looking for reversals. No LL ever printed, let alone LH, oscillators keeping high. In such a trending market, to go looking for a divergence, at brn or S/R/fib etc and going short, will most likely fail.(hdivs work well) In a consolidating...
I have taken to playing little mind games when I can not figure the market out.....It may sound childish but i will look at it with disgust bordering on contempt as if to say i will get back to you[the market] when you get your shit together....sounds crazy but it works....taking a step back for a day or two is a lot more enjoyable then giving back all that hard earned cash....
Here's a gem from Robert Greene's Mastery book.

"In any competitive environment in which there are winners or losers, the person who has the wider, more global perspective will inevitably prevail. The reason is simple: such a person will be able to think beyond the moment and control the overall dynamic through careful strategizing. Most people are perpetually locked in the present. Their decisions are overly influenced by the most immediate event; they easily become emotional and ascribe greater significance to a problem than it should have in reality. Moving toward mastery will naturally bring you a more global outlook, but it is always wise to expedite the process by training yourself early on to continually enlarge your perspective. You can do so by always reminding yourself of the overall purpose of the work you are presently engaged in and how this meshes with your long-term goals. In dealing with any problem, you must train yourself to look at how it inevitably connects to a larger picture. If your work is not having the desired effect, you must look at it from all angles until you find the source of the problem. You must not merely observe the rivals in your field, but dissect and uncover their weaknesses. “Look wider and think further ahead” must be your motto. Through such mental training, you will smooth the path to mastery while separating yourself ever further from the competition.


Just thought I throw it out there. I can only recommend the book.
Invincibility lies in the defence; the possibility of victory in the attack
Dax 30...+24....+18..missed yesterdays gap fill but caught today's....added to the position when the LH held.....of course it kept running south....not to worry
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Is this the start of a break south ???
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Quoting PhilippineFX
Is this the start of a break south ???{image}
First real sign of weakness as we have a confirmed LL, MACD on 10 dipped bellow 0 for the first time...i wonder how deep this retrace will be...
i opened a small live account yesterday not because i know how to trade but because i will only learn with a live account ....anyway blew the account in 1 day so i opened another small account today and am up 10 dollars hehe .For me simulation doesn't work so decided to open live and lose if i have to this how i will learn
Quoting bettervolume
i opened a small live account yesterday not because i know how to trade but because i will only learn with a live account ....anyway blew the account in 1 day so i opened another small account today and am up 10 dollars hehe .For me simulation doesn't work so decided to open live and lose if i have to this how i will learn
Good luck, but i think its a bad idea, particularly if you trade GER30...only a few bad trades and you are fried. If you are convinced you will not learn from a demo, then i suggest you try a currency pair where you can at least play .01 lots...the 100$ will last longer...or look to open a cent account...otherwise you are throwing away money.
Best, Josh
GER30 +17(3lots), many BE+2s,-10-12,+16+21. Not pretty, but I hit my daily target. My first trade, i opened 3 lots by error, but it worked out well. I will say one thing - I totally understand why Dee uses the 10 pip chart as his main chart...the 5 pip chart gets me into trouble and causes too much second guessing. My exits were crap on the last 2 trade, i should have held longer. However, I stupidly continued hoping for a 123 double, that I did not see the big picture anymore...i was just focusing on recovering the earlier loss.
I ended up not trading yesterday - here is a tip for free - if your girlfriend accuses you that you pay more attention to charts than her - LIE, lie your a$$ off !!!!
When i have a few drinks, I get brutally honest, so my reply was that I find charts far more interesting....didn't go well.
Best, Josh
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Quoting JoshuaHope
GER30 +17(3lots), many BE+2s,-10-12,+16+21. Not pretty, but I hit my daily target. My first trade, i opened 3 lots by error, but it worked out well. I will say one thing - I totally understand why Dee uses the 10 pip chart as his main chart...the 5 pip chart gets me into trouble and causes too much second guessing. My exits were crap on the last 2 trade, i should have held longer. However, I stupidly continued hoping for a 123 double, that I did not see the big picture anymore...i was just focusing on recovering the earlier loss. I ended up not...
She should appreciate your honesty.

You know the story of the wife telling her husband that's she finds herself too fat while looking at herself in the mirror and how he never tells her any compliment. And he replies that she's got a perfect sight.

Good trading, you now have a nice grasp of it.
Hidden in plain sight.
It seems it just can't get simpler than it is right now, just follow the direction of the HTF chart and watch out for a few patterns which repeat themselves over and over again.

I missed the largess of GU yesterday but today is a new day and new month and a promising start, we pray volatility remains up and up so we can continue to find entries and exits profitably.

I still have to deal with taking trades that look like CT on the REN 4 chart when in the end they turn out to be the bread and butter of the day.

Can't wait for NYO because of power crises in my city, I'm sure more green pips lie ahead in the NY session
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Let it turn and find your entry.
DAX is looking so appealing now, can't wait till I can trade full lots.

Cya all tomorrow, green pips
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Let it turn and find your entry.
Quoting jakucha
{quote} She should appreciate your honesty. You know the story of the wife telling her husband that's she finds herself too fat while looking at herself in the mirror and how he never tells her any compliment. And he replies that she's got a perfect sight. Good trading, you now have a nice grasp of it.
Thanks. She did not.
Quoting Intrepidpips
It seems it just can't get simpler than it is right now, just follow the direction of the HTF chart and watch out for a few patterns which repeat themselves over and over again. I missed the largess of GU yesterday but today is a new day and new month and a promising start, we pray volatility remains up and up so we can continue to find entries and exits profitably. I still have to deal with taking trades that look like CT on the REN 4 chart when in the end they turn out to be the bread and butter of the day. Can't wait for NYO because of power...
Good pipage and sound logic.
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Support at 18May, Oversold on Nihilist Trend Cycle, one green bar confirmation of support holding, Is my 20PIP target too small here guys? 10pip bricks
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