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Lower risk, stress free TDI system

  • #3,281
  • Jun 21, 2016 3:44am Jun 21, 2016 3:44am
Quoting fxmir
{quote} Lots of people are double there live account alrady ,its a modified version of this successful thread which is start from 2011 http://www.forexfactory.com/showthre...91#post8990391

To double a small account $500 is easy.
But to double a $5,000 account is not so easy.
And to double a $50,000 account is a total different ball game unless the trader has his own winning edge. When will you know when you have your own winning edge?

Think SMART which is achievable instead of thinking of doubling your trading account.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3,282
  • Jun 21, 2016 3:56am Jun 21, 2016 3:56am
Quoting emmanuel7788
{quote} To double a small account $500 is easy. But to double a $5,000 account is not so easy. And to double a $50,000 account is a total different ball game unless the trader has his own winning edge. When will you know when you have your own winning edge? Think SMART which is achievable instead of thinking of doubling your trading account.
Smart" Trade mark???
  • #3,283
  • Jun 21, 2016 4:04am Jun 21, 2016 4:04am
AJ +52.
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  • #3,284
  • Jun 21, 2016 4:15am Jun 21, 2016 4:15am
Quoting monaghan
{quote} Excellent GS even although there is a general fear of Brexit there will still be opportunities this week if you follow the rules and money management of your system, loosers can occur anytime in this business not just Brexit week, i love your style of trading GS
i agree - fx is risky anytime & anyting can happen - think swiss franc unpegging - @ least brexit is known
  • #3,285
  • Jun 21, 2016 4:25am Jun 21, 2016 4:25am
Quoting fmaher
{quote} Hi Griffinssoul, could you please explain more about the difference between TDI repaint and nonrepaint? In TDI watchdog indicator, there is an option to set RefereshLastBar to True or Flase but I don't undrestand why should we freeze last bar till its end! Also what is your suggestion for Stoch settings on H1 TF and H4 TF?
follow LookLefts link in the post above to Lastingwells thread - u will find full details on Watchdog etc..... remember on Big E's thread Trading Made Simple [this method has now changed and is very complicated as many traders have said] the important rule was to let the candle close ..... the freezing lets u make a decision without getting suck'd into a fake signal - if it is not frozen then it might look good but then when it closes it shows a different signal ......

all the TDIs will show the same signal after candle close so no big deal IMO - wat is important 4 any trader is 2 get many many hours of experience under ur belt IMO - just like Big E did - once u do this - after years of trading - u will not worry so much about the details of indicators IMO .....

http://www.forexfactory.com/showthread.php?t=586142
  • #3,286
  • Jun 21, 2016 4:26am Jun 21, 2016 4:26am
Quoting pundit78
AJ +52. {image}
Your entry should be based on lower TF, not 4H....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,287
  • Jun 21, 2016 4:26am Jun 21, 2016 4:26am
Quoting Scrambleguy
{quote} Smart" Trade mark???
https://en.wikipedia.org/wiki/SMART_criteria

SMART is a mnemonic acronym, giving criteria to guide in the setting of objectives, for example in project management, employee-performance management and personal development. The letters S and M usually mean specific and measurable. The other letters have meant different things to different authors, as described below. Additional letters have been added by some authors.
It takes a lot for me to IGNORE you, but you can try.
  • #3,288
  • Jun 21, 2016 4:34am Jun 21, 2016 4:34am
Quoting Erebus
{quote} https://en.wikipedia.org/wiki/SMART_criteria SMART is a mnemonic acronym, giving criteria to guide in the setting of objectives, for example in project management, employee-performance management and personal development. The letters S and...
  • #3,289
  • Jun 21, 2016 4:37am Jun 21, 2016 4:37am
Quoting heispark
{quote} Your entry should be based on lower TF, not 4H....
Is it the basic rule? If someone is trading 4H TF then how can the entry be on lower TF? I do not agree to your point.
  • #3,290
  • Jun 21, 2016 4:46am Jun 21, 2016 4:46am
Quoting emmanuel7788
{quote} To double a small account $500 is easy. But to double a $5,000 account is not so easy. And to double a $50,000 account is a total different ball game unless the trader has his own winning edge. When will you know when you have your own winning edge? Think SMART which is achievable instead of thinking of doubling your trading account.
Hello Emmanuel7788,

Can you please further explain why is doubling 500$ different from doubling 50K$?

If we go from psyhological point of view than I absolutely agree but except that think that there is no difference if we trade with 50 or 50 000$...

Thanks in advance,

Highest regards!
  • #3,291
  • Jun 21, 2016 5:00am Jun 21, 2016 5:00am
Quoting pundit78
{quote} Is it the basic rule? If someone is trading 4H TF then how can the entry be on lower TF? I do not agree to your point.
pundit its not the basic rules described here . for high probability trades most of the times we use MTF analysis . just check now GU in h4 and h1 chars . you can find the best trades like this .. ( each one have their way of trading)
REGARDS
RAJ
stay cool when trade begins
  • #3,292
  • Jun 21, 2016 5:07am Jun 21, 2016 5:07am
Quoting rajkumar3192
{quote} pundit its not the basic rules described here . for high probability trades most of the times we use MTF analysis . just check now GU in h4 and h1 chars . you can find the best trades like this .. ( each one have their way of trading) REGARDS RAJ
Agreed Raj, lower risk trades are on lower TF, here you can have small SL but questioning on 4TF trade is not good either, many of the legends in FF trades 4H tf only, persons chose higher TF by choice, may be due to time shortage or due to less stress on looking the trades every hour.
  • #3,293
  • Jun 21, 2016 5:13am Jun 21, 2016 5:13am
Quoting pundit78
{quote} Agreed Raj, lower risk trades are on lower TF, here you can have small SL but questioning on 4TF trade is not good either, many of the legends in FF trades 4H tf only, persons chose higher TF by choice, may be due to time shortage or due to less stress on looking the trades every hour.
you got it man . lets say in this trade . you got a good trade but checks the blue circled areas where h4 crossed and h1 a bounce trade . so by seeing what h4 says we fallow the major trend . so we are in a good move
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stay cool when trade begins
  • #3,294
  • Jun 21, 2016 5:14am Jun 21, 2016 5:14am
Quoting Zokynho
{quote} Hello Emmanuel7788, Can you please further explain why is doubling 500$ different from doubling 50K$? If we go from psyhological point of view than I absolutely agree but except that think that there is no difference if we trade with 50 or 50 000$... Thanks in advance, Highest regards!

yes, I think someone will be a bit more reserved in his trading when trading a 50k account as opposed to $500 ...but that psychological aspect is the only aspect i can think of.
  • #3,295
  • Jun 21, 2016 5:23am Jun 21, 2016 5:23am
Quoting rajkumar3192
{quote} you got it man . lets say in this trade . you got a good trade but checks the blue circled areas where h4 crossed and h1 a bounce trade . so by seeing what h4 says we fallow the major trend . so we are in a good move {image}
Again agreed Raj and appreciate your comments but the problem is same, shortage of time to look into 1HTF.
  • #3,296
  • Jun 21, 2016 5:24am Jun 21, 2016 5:24am
Quoting Zokynho
{quote} Hello Emmanuel7788, Can you please further explain why is doubling 500$ different from doubling 50K$? If we go from psyhological point of view than I absolutely agree but except that think that there is no difference if we trade with 50 or 50 000$... Thanks in advance, Highest regards!
absuletly right , i aggre with u
  • #3,297
  • Jun 21, 2016 5:25am Jun 21, 2016 5:25am
Always nice to see all your trade's in profit!!
Attached Image
  • #3,298
  • Jun 21, 2016 5:34am Jun 21, 2016 5:34am
Quoting Richard1537
Always nice to see all your trade's in profit!! {image}
I agree
but thats only for your self gratification, does not help anybody here especially new people, i know its a pain to upload entry s but thats what we all need to try and do to help others, its like showing your bank account, with respect
  • #3,299
  • Jun 21, 2016 5:47am Jun 21, 2016 5:47am
Gees sorry!!! It was just a light hearted one!!!
  • #3,300
  • Jun 21, 2016 5:49am Jun 21, 2016 5:49am
Quoting kain775
{quote} yes, I think someone will be a bit more reserved in his trading when trading a 50k account as opposed to $500 ...but that psychological aspect is the only aspect i can think of.
It is only the psychological aspect that Emmanuel can be thinking of as he regularly doubles his own account which is a lot higher than $50,000.
Success means going from failure to failure without loss of enthusiasm
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